Entrust the processing of econometric data to a free application
Gretl is a business program for analyzing econometric data. It is based on the C programming language and is open source. You can quickly expand the application's functionality if you have specific knowledge. However, you will have to follow the terms of the GNU General Public License as specified by the Free Software Foundation.
If you are a beginner - Gretl offers you great features and training. If you are already an experienced user or have worked in similar applications before - Gretl will reliably provide you with all the necessary functions and delight you with updates. It will undoubtedly help you work with statistics and econometric data analysis.
Features and functions
Evaluator mode. The app offers you many estimator functions like GMM. This can be useful for generating reports.
More for conclusions. You can use single equations, least squares, maximum likelihood, and systematic methods. This allows us to conclude the unknown value of the parameter plotted on the graph of the statistical model.
Data indexing. If you need to index data in time order - use ARIMA tools, one-dimensional GARCH-type models, Kalman filter, structural VAR and VECM, and unit root and cointegration tests.
It limited dependent variables. You can use dependent variables such as interval regression, logit, and count data models. Duration, probit, sample selection, and Tobit are also available. It allows us to assess the relationship between the limited dependent variable and other variables.
Ease of use
Gretl is easy to use and has a very user-friendly interface. In addition, it supports many languages of the world. Therefore, you can use the application in your native language and understand all the functionality.
Even if it is difficult for you to master the program, Gretl developers' guides will help you. These are three PDF files, a user guide, a command reference, and a Hansel example. They are constantly updated so that Gretl will pick up the latest version from the Internet. Thanks to this information, you will understand how to use the application.
Should I download Gretl for Mac?
If you are an economist and often work with statistical and economic data analysis, you should try Gretl. The app has powerful features for easy calculation. Nevertheless, it is easy to use even for beginners. This program will be the most understandable option among similar programs if you are a beginner. But if you know to code in any language - your opportunities increase. Gretl allows users to extend its tooling capabilities and make the app even more helpful for you.
Gretl works well and is stable. If you encounter errors, you can safely contact technical support to solve your problem. However, you should not expect regular updates from the developers.
- Free to use
- Works well with statistical and economic data
- Supports other programming languages
- Challenging to understand interface
- Little educational information for beginners
- Slow support
- Few updates