Econometrics made easy — Gretl & Hansl

9 December, 2013 at 00:04 | Posted in Statistics & Econometrics | 1 Comment

Thanks to Allin Cottrell and Riccardo Lucchetti we today have access to a high quality tool for doing and teaching econometrics – Gretl. And, best of all, it is totally free!

Professor Lee Adkins now has a new version (1.041) of his Gretl manual to Hill, Griffith & Lim’s Principles of Econometrics (4th ed, 2011), showing the full power of the scripting language of Gretl – Hansl. There is also new material on Monte Carlo simulation, loop constructions etc, that certainly will please the more advanced users. But as in earlier versions, Adkins also amply shows how incredibly easy it is to operate this statistics/econometrics program.

Gretl is up to the tasks you may have, so why spend money on expensive commercial programs?

The latest snapshot version of Gretl – 1.9.14 – can be downloaded here.

So just go ahead. With a program like Gretl and Adkins’s manual, econometrics has never been easier to master!

[And yes, I do know there's another fabulously nice and free program -- R. But R hasn't got as nifty a gui as Gretl -- and at least for students, it's more difficult to learn to handle and program. I do think it's preferable when students are going to learn some basic econometrics to use Gretl so that they can concentrate more on "content" rather than "technique."]

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  1. Just used this for an econometrics course at Temple University. Good stuff.


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