4 of the Best Free Linux Econometric Software
Econometrics is the application of statistical or quantitative
methods to understand economic issues and test theories, and
models. It is the study of economic models, mathematical
statistics, and economic data. It is also a set of tools which can
verify or disprove economic theory using real-world data. Econometrics
is an essential part of university economics degrees.
Econometric software is statistical software that is
specialised for econometric analysis. This type of software
offers regression analysis including time-series analysis and
cross-sectional analysis. Modern econometric software enhances the
process of model
formulation, estimation and validation, and provides helpful graphical
information as well as tables of output. They are important tools in
the analysis of stock markets, budget planning, and aid in decision
making by policy makers.
For many years the computer package SAS (developed by the SAS
Institute) has dominated the econometric software market. Other
prominent software includes GAUSS, OxMetrics, Stata, and SPSS. All of
these applications are high quality and available for Linux. However,
they are commercial software released under proprietary software
licenses. The purpose of this article is to identify open source
software which allow users to perform econometric analyses.
To provide an insight into the quality of software that is
available, we have compiled a list of 4 high quality open source
econometric software. Hopefully, there will be something of interest
here for anyone who wants to use econometrics in everyday
life. Also worthy of a mention is X-12-ARIMA, a specialist
open-source seasonal adjustment software used by the U.S. Census
Now, let's explore the 4 econometric applications at
hand. For each title we have compiled its own portal page, a full
with an in-depth analysis of its features, together with links to
relevant resources and reviews.
||Regression, Econometric and Time-Series Library
Econometrics and statistics package
||Statistical computation and graphics system
toolbox particularly devoted to time series
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Last Updated Tuesday, March 26 2013 @ 05:15 PM EST