MISSPECIFICATION TESTING - A COMPREHENSIVE APPROACH

Authors
MCGUIRK AM DRISCOLL P ALWANG J
Citation
Am. Mcguirk et al., MISSPECIFICATION TESTING - A COMPREHENSIVE APPROACH, American journal of agricultural economics, 75(4), 1993, pp. 1044-1055
Citations number
25
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
American journal of agricultural economics → ACNP
ISSN journal
00029092
Volume
75
Issue
4
Year of publication
1993
Pages
1044 - 1055
Database
ISI
SICI code
0002-9092(1993)75:4<1044:MT-ACA>2.0.ZU;2-L
Abstract
Misspecification tests of individual assumptions underlying regression models often lead to erroneous conclusions regarding source of misspe cification. Monte Carlo experiments demonstrate that a comprehensive s et of individual and joint tests reduces the likelihood of such conclu sions. A practical testing strategy is proposed and suggestions made r egarding its implementation.