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im running 2 variable right now dependent is excess return and independent is average correlation these 2 variable is stationer but and i regress it using OLS (newey-west). the result indicating the residual is not normal, so the estimation output consider to be biased dont it? how can i solve this ...

i thought the classic OLS assumption all variable involve is normally distributed?

i need all variable in OLS to be normal distributed right?

Dear All, I'm running some time series data, and planning to do classic OLS. but the problem is my variable time series data are not normally distributed. can you advice me what to do with it? these are some histogram detail about my variables Series: AVG_VAR Sample 1 156 Observations 156 Mean 0.000...