Meaning of BLUE in English

BLUE

best linear unbiased estimator ; means the estimators of least squares, in the class of unbiased linear estimators, have minimum variance.

Note: "best" means having minimum variance; "unbiased" means the average or expected value is equal to the true value.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.