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The ordinary least squares (OLS) method of estimation will minimize:
Psychologically Hardwired
Refers to the innate or inherent traits, responses, or predispositions in humans, often determined by genetics or early life experiences.
Negative Events
Unfavorable or detrimental occurrences that can impact individuals or groups emotionally, physically, or materially.
Positive Ones
Refers to situations, experiences, or aspects that have a beneficial impact on an individual's life or well-being.
Feeling of Superiority
An attitude or belief that one is more valuable or important than others, often leading to dismissive or condescending behavior.
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