We consider the construction of least squares pyramids using shifted p
olynomial spline basis functions. We derive the pre and postfilters as
a function of the degree n and the shift parameter Delta. We show tha
t the underlying projection operator is entirely specified by two tran
sfer functions acting on the even and odd signal samples, respectively
. We introduce a measure of shift invariance and show that the most fa
vorable configuration is obtained when the knots of the splines are ce
ntered with respect to the grid points (i.e., Delta = 1/2 when n is od
d and Delta = 0 when n is even). The worst case corresponds to the sta
ndard multiresolution setting where the spline spaces are nested.