Meaning GAUSS-MARKOV THEOREM
What does GAUSS-MARKOV THEOREM mean? Here you find 2 meanings of the word GAUSS-MARKOV THEOREM. You can also add a definition of GAUSS-MARKOV THEOREM yourself
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GAUSS-MARKOV THEOREMthe fundamental theorem in mathematical statistics dealing with generating linear unbiased estimators with a minimum variance.
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GAUSS-MARKOV THEOREMThe theorem which states that, under the five Gauss-Markov assumptions (for cross-sectional or time series models), the OLS estimator is BLUE (conditional on the sample values of the explanatory variables).
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