You would analyze up to the BW of the system traces.
retracted {e.g. 1 GHz to 10 GHz for ethernet using max speed.}
Up to several hundred MHz at most.
PCB's role is to keep the impedance low enough until the package takes over. If the PCB impedance is too high at 200MHz, it can cause the package to resonate, rendering the on-chip caps less effective.