Evaluation of autocorrelation

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Bablowski
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Joined: Tue Aug 25, 2015 1:08 am

Evaluation of autocorrelation

Postby Bablowski » Sat Jan 07, 2017 11:31 am

I use ARDL model for my estimation, dependent and independent variables all max. 2 lags. Now I want to check the residuals and perform its diagnostics. When I use Correlogram Q-Statistics for checking autocorrelation, EViews asks me to choose the number of lags to include. What number of lags should I include? 2, when I estimate variables with 2 lags or more lags? How many and why?

Thank you for any help.

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