Least squares is a term that can be used to express different concepts: Classically, the three terms were blended as one, and the bundle meaning of least squares is sometimes still used in statistics. It was first formalized in 1905.…
This post is an introduction to point estimation in inferential statistics. A point estimate is a single calculated value used to estimate a population parameter. List of point estimates Point estimates in inferential statistics: Mean in inferential statistics The population…