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Using the method of least squares in economic applications
JANEČKOVÁ, Zuzana
The aim of bachelor thesis is the description and the theoretical deduction of the method of least squares. In my work I attend to the deduction of least-squares with an exclusive focus on polynomial functions. This method is applied to the indicators of foreign trade, specifically turnover, exports, imports and balance. I gradually attend to polynomial of the first, the second to the m-th power. The objective of least-squares method assumes that the best-fit curve of a given type is the curve that has the minimal sum of the deviations squared.

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