4 of the Best Free Linux Econometrics Software

Posted by sde on Jun 19, 2010 4:14 PM EDT
LinuxLinks.com; By Steve Emms 		Mail this story
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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.

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.

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.

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