Robust adaptive rate-optimal testing for the white noise hypothesis

A-Tier
Journal: Journal of Econometrics
Year: 2013
Volume: 176
Issue: 2
Pages: 134-145

Authors (3)

Guay, Alain (Université du Québec à Montréa...) Guerre, Emmanuel (not in RePEc) Lazarová, Štěpána (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

A new test is proposed for the weak white noise null hypothesis. The test is based on a new automatic selection of the order for a Box–Pierce (1970) test statistic or the test statistic of Hong (1996). The heteroskedasticity and autocorrelation-consistent (HAC) critical values from Lee (2007) are used, allowing for estimation of the error term. The data-driven order selection is tailored to detect a new class of alternatives with autocorrelation coefficients which can be o(n−1/2) provided there are sufficiently many of such coefficients. A simulation experiment illustrates the good statistical properties of the test both under the weak white noise null and the alternative.

Technical Details

RePEc Handle
repec:eee:econom:v:176:y:2013:i:2:p:134-145
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25