ABSTRACT
As in Chapters 9 and 10, this chapter defines the econometric difficulty and discusses the consequences for regressions suffering from it. Then detection techniques are presented. Lastly, remedial measures are outlined. The emphasis is on presenting the techniques concisely but with enough detail that a novice could apply them and understand how to interpret the results. The problems at the end of chapter provide practice doing so. The patch remedy of HAC standard errors is discussed in the last section of this chapter as is pseudoautocorrelation.
