Is there any physical significance for least norm solution of underdetermined systems?

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When having an underdetermined system of linear equations (a fat matrix), then, linear algebra is offering an interesting particular solution, which is "least norm", i.e. the shortest. I want to know if this has any meaning in physics, i.e. why would we favor this solution. Practical exemplar problems from physics are appreciated.

PS: I wanted to ask this in physics.stackexchange but I couldn't think of a single appropriate topic tag.