This website to provide detailed explanation of the DHSY article. Front Page displayed below;

Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom

James E. H. Davidson, David F. Hendry, Frank Srba, Stephen Yeo The Economic Journal, Volume 88, Issue 352 (Dec., 1978), 661-692.

For sequence of questions and answers -- see BLOG: http://introstat.blogspot.com/2015/05/while-evaluating-research-proposals-at.html

Download DHSY paper (pdf file)

View Lectures 12 & 13 of Applied Econometrics on the topic of Hendry Methodology

See: Applied Regression Analysis for PIDE Researchers

These lectures will provide training in state of the art methodology for getting empirically valid results using regression analysis.

Lecture 01: Introduction – Problems with Standard Econometric Methodology Lecture 01: Axiom of Correct Specification (lecture notes)

Lecture 02: The Encompassing Approach, and its implications for Valid Regression Models

Lecture 03: Exploratory Data Analysis

Lecture 04: Reading DHSY — Introduction

Lecture 05: DHSY – Comparing Nested Models using Encompassing

Video of Lecture 1: Introduction – Problems with Standard Econometric Methodology

Lecture 02: The Encompassing Approach, and its implications for Valid Regression Models