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On Multiple Diagnostic Procedures for the Linear Model

Grant H. Hillier

No 266996, Department of Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: Multiple diagnostic procedures entail a partition of the sample space into a set of critical regions. When the procedure is designed in a piecemeal fashion these regions bear no particular relation to one another, and the procedure as a whole can be logically inconsistent. We use a simple example to illustrate these difficulties, and also to suggest criteria that should be satisfied by any diagnostic procedure that is to meet the needs of the practitioner.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 34
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Persistent link: https://EconPapers.repec.org/RePEc:ags:monebs:266996

DOI: 10.22004/ag.econ.266996

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