The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Jul, 1966, Volume 34, Issue 3
https://doi.org/0012-9682(196607)34:3<646:TSLSRM>2.0.CO;2-K
p. 646-660
Richard C. Henshaw, Jr.
The basic theory upon which several well-known tests of the independence of least squares regression disturbances are based is reviewed and then applied to formulate a testing procedure which is inexpensive when a large-capacity, high-speed electronic computer is employed. Investigations to date indicate that the significance points of the von Neumann ratio, which can be obtained by this procedure, are accurate to the order required in practical work even when the number of degrees of freedom is small, and the test is always conclusive. This is encouraging since the results from attempts to apply the Durbin-Watson or the Theil-Nagar tests frequently may be inconclusive or of doubtful accuracy. Consideration is also given to the question of what to do when the null hypothesis of residual independence is rejected.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
