Chupter I I
ESTIMATION FOR DIRTY DATA AND FLAWED MODELS
WILLIAM S. KRASKER*
Hurvard University
EDWIN KUH and ROY E. WELSCH*
Mussuchusefts Institute of Technology
Contents
1. Introduction
2. Sources of model failure
3. Regression diagnostics
4. Bounded-influence regression
5. Aspects of robust inference
6. Historical background
7. Bounded-influence estimates for a hedonic price index
7.1, The model
7.2. Partial plots
8. Bounded-influence estimation with endogenous explanatory variables
9. Resistant time-series estimation
10. Directions for further research
References