Mirko,

It's the "usual stuff" in the sense that a low p-value is evidence against the 
null, so in your case you'd reject the iid null.

PS
________________________________________
From: gretl-users-bounces(a)lists.wfu.edu [gretl-users-bounces(a)lists.wfu.edu] 
on behalf of mastro2387(a)tiscali.it [mastro2387(a)tiscali.it]
Sent: Tuesday, May 29, 2012 8:05 AM
To: gretl-users(a)lists.wfu.edu
Subject: [Gretl-users] interprating Ljung-Box Q-Test

Hi everybody,
I have a problem to interpret a Ljung-Box Q-test results;
is it the usual staff? namely if the P(chi-square) is less than 5% we
have to accept i.i.d assumption?
Here is the output of the test:


Equation 1:
Ljung-Box Q' = 57.8787 with p-value = P(Chi-square(5) >
57.8787) = 3.33e-011

Equation 2:
Ljung-Box Q' = 54.5922 with p-value =
P(Chi-square(5) > 54.5922) = 1.58e-010


Thanks for help

Regards,


Mirko


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