What Does GLS Stand For?

GLS stands for Generalized Least Squares

Generalized Least Squares (GLS) is a statistical technique used to estimate the parameters of a linear regression model when the assumptions of ordinary least squares (OLS) are violated, particularly in the presence of heteroscedasticity or correlation among the error terms. By accommodating these violations, GLS provides more efficient and unbiased parameter estimates, making it a valuable tool for econometric and statistical analysis in various fields.

Other Meanings for GLS