TESTING FOR ZERO AUTOCORRELATION IN THE PRESENCE OF STATISTICAL DEPENDENCE

B-Tier
Journal: Econometric Theory
Year: 2002
Volume: 18
Issue: 3
Pages: 730-743

Authors (3)

Lobato, I.N. (Instituto Tecnólogico Autónomo...) Nankervis, John C. (not in RePEc) Savin, N.E. (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The problem addressed in this paper is to test the null hypothesis that a time series process is uncorrelated up to lag K in the presence of statistical dependence. We propose an extension of the Box–Pierce Q-test that is asymptotically distributed as chi-square when the null is true for a very general class of dependent processes that includes non-martingale difference sequences. The test is based on a consistent estimator of the asymptotic covariance matrix of the sample autocorrelations under the null. The finite sample performance of this extension is investigated in a Monte Carlo study.

Technical Details

RePEc Handle
repec:cup:etheor:v:18:y:2002:i:03:p:730-743_18
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25