Definition: Least-squares growth rate

OECD - Data and Metadata Reporting

The least-squares growth rate, r, is estimated by fitting a linear regression trend line to the logarithmic annual values of the variable in the relevant period.
Source:
World Bank, 2004, "2004 World Development Indicators", World Bank, Washington DC [quoted in Organisation for Economic Co-operation and Development (OECD), "Data and Metadata Reporting and Presentation Handbook", OECD, Paris, 2007]
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