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st: non-normal residual

From   Fabio Zona <>
Subject   st: non-normal residual
Date   Thu, 29 Apr 2010 19:19:09 +0200 (CEST)

Dear statlist

I have a cross-section multiple regression: however,
- Y is not distributed normally (some say it should be; some say it is not needed! where is the truth? I read residuals must be normally distributed, not the Y...)
- any tranformation of Y does not allow to approach a normal-distribution
- beyond Y, residuals are non-normally distributed

Any suggestions on how to handle this situation?

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