GPS observables taken from light-weight GPS buoys more than 80 km from the
GPS reference stations have been analysed using different noise models in t
he parameter estimation process. The time series solution of the GPS buoy p
ositioning have been used to extract values of oceanic variables (sea level
, tides and waves) and tropospheric information. These variables are compar
ed with data from models and with measurements from a meteorological buoy.