(a) Why is it necessary to assume that the disturbances of a regression model are normally distributed?...

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(a) Why is it necessary to assume that the disturbances of a regression model are normally distributed?

(b) In a practical econometric modelling situation, how might the problem that the residuals are not normally distributed be addressed?

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Introductory Econometrics For Finance

ISBN: 9780521694681

2nd Edition

Authors: Chris Brooks

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Question Posted: Jul 24, 2024 07:05 AM

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(a) Why is it necessary to assume that the disturbances of a regression model are normally distributed?...

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Introductory Econometrics For Finance

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