The Spurious Regression Problem was first described in a 1974 paper by C. W. J. Granger, and P. Newbold, in the Journal of Econometrics 2, 1974, pp. 111-120. ‘Spurious Regressions in Econometrics’ Some econometric theorists suggest, however, that the spurious regression problem is itself spurious. Take for example professor Bennett T. McCallum (pictured) of the […]