How do I interpret p and q in the corARMA correlation structure?

Mónica Queijeiro-Bolaños @Monica_Queijeiro-Bolanos

10 October 2018 0 6K Report

I understand that p is the autoregessive order and q is the moving average, but I don't know how to interpret what does it means when it is (2,3) or (2,2) for example. Can anyone give me a simple explanation?

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