This article discusses the issue of whether cross correlation should be tested by model dependent or model independent methods. Several different tests are proposed and their main properties are investigated analytically and with simulations. It is argued that model independent tests should be used in applied work.
Holgersson, H.E.T. and Karlsson, Peter S.
"Model Based vs. Model Independent Tests for Cross-Correlation,"
Journal of Modern Applied Statistical Methods: Vol. 9
, Article 9.
Available at: http://digitalcommons.wayne.edu/jmasm/vol9/iss1/9