The Box-Pierce Q-statistic is calculated using the formula:
QBPβ=nβΟk2β
Where:
- n is the sample size (300)
- Οkβ represents the autocorrelations at each lag
Given the autocorrelation coefficients:
- Lag 1: 0.25
- Lag 2: -0.1
- Lag 3: -0.05
Calculation:
QBPβ=300(0.252+(β0.1)2+(β0.05)2)
QBPβ=300(0.0625+0.01+0.0025)
QBPβ=300(0.075)=22.5
Note: The Box-Pierce and Ljung-Box tests typically arrive at the same result when the sample size is large.