In this paper, function characteristics of dispersion of ocean wave in finite depth water were analyzed systematically. The functional form of the fitting function is reasonably proposed, in which the parameters are optimally determined by the least square method (LSM). For infinitely deep and extremely shallow water,the fitting function fits strictly the dispersion to be fitted. A new technique is presented in application of LSM.An empirical formula with maximum error of less than 0.5% for computing wavelength in finite depth water is presented for practical applications.