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Meanings and definitions for BLUE
What does BLUE stand for? What does BLUE mean?
- In statistics, the Gauss–Markov theorem states that the ordinary least squares (OLS) estimator has the lowest sampling variance within the class of linear unbiased estimators, if the errors in the linear regression model are uncorrelated, have equal variances and expectation value of zero.
- Best Linear Unbiased Estimator, Used in statistics
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