Question: Why would there emphasis on how we determine how many lags of the dependent variable and error are included in a (ARIMA) model? Please help

Why would there emphasis on how we determine how many lags of the dependent variable and error are included in a (ARIMA) model?

Please help me understand as well as what type of resources such as articles, websites or books, you found this information and I could find more information on this topic.

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9. How much of the information collected will be used in decision-making?

1. Background knowledge of the subject and

4. What specific changes in the environment have taken place in relation to the information we have collected?