Regression with random coefficients

The first half of the seventies has seen a virtual explosion of interest in the use of random coefficient regression techniques which, for the most part, have been developed or refined by econometricians. However, given the importance of regression analysis as a managerial tool, it is surprising to find scant mention of random coefficient methods in the management science literature. With this in mind, this paper reviews briefly the various random coefficient models that have been developed and provides a reasonably complete bibliography for further reference.