Publisher's Synopsis
To most economists the single equation least squares regression model, like an old friend, is tried and true. Its properties and limitations have been extensively studied, documented and are, for the most part, well known. Any good text in econometrics can lay out the assumptions on which the model is based and provide a reasonably coherent -- perhaps even a lucid --discussion of problems that arise as particular assumptions are violated. A short bibliography of definitive papers on such classical problems as non-normality, heteroscedasticity, serial correlation, feedback, etc., completes the job.
