[R] Multiple regression

[Manoj - Hachibushu Capital]

Hi,
	I am trying to do multiple regression on a set of data using backward stepwise regression....however backward stepwise regression is critised for overfitting data. To actually observe the bias and to come up with a better method to use..Could you all stats experts kindly give me pointers to any alternative procedure (or references) to use over backward stepwise regression from your experience? 

TIA.

Manoj