Dear all:
Afer estimating ARIMA, It is convenient to test if residual is white noise in Gretl.
But I have two questions:
1. Gretl provide Ljung-Box Q statistic, residual acf and pacf.
Some paper test lag of 1 to 24,
Some only test lag of 6, 12, 18, 24.
Some only test lag of 1, 12, 24.
I am confused about the lag of Q statistic, acf and pacf.
2. Some paper test ARIMA residual by Q statistic, residual acf and pacf.
But some just test by Q statistic. Ignoring residual acf and pacf.
Are residual acf and pacf necessary when testing ARIMA residual ?
Thanks a lot