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| Author: | Manski, C. F. |
| Title: | Regression. |
| Journal: | Journal of Economic Literature
1991 : MAR, VOL. 29:1, p. 34-50 |
| Index terms: | REGRESSION ANALYSIS |
| Language: | eng |
| Abstract: | Recent developments in regression theory (RT) are explained. RT has advanced rapidly, but it takes time for applied researchers to determine which advances are of practical importance and how to exploit them. The explanation for this gap is the modified way of RT's development. In the past, advances in econometrics were usually motivated by a desire to answer specific empirical questions. This symbiosis of theory and practice is less common today. It has become typical for a theorist to set out an abstract estimation problem. Econometric theorists today do not usually consider it their responsibility to apply their contributions nor to develop computer programs that would make their advances usable by others. |
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