It is shown that the least squares collocation approach to estimating geodetic parameters is identical to conventional minimum variance estimation. Hence the least squares collocation estimator can be derived either by minimizing the usual least squares quadratic loss function or by computing a conditional expectation by means of the regression equation.When a deterministic functional relationship between the data and the parameters to be estimated is available, one can implement a least squares solution using the functional relation to obtain an equation of condition. It is proved the solution so obtained is identical to what is obtained through least squares collocation. The implications of this equivalance for the estimation of mean gravity anomalies are discussed.