Contents

statsmodels

Aims & Outcomes:

  1. Run a Gravity Model

  2. Use NumPy to verify statsmodels

There is another package linearmodels that extends statsmodels with Panel regressions, instrumental variable estimators, system estimators, etc. and is actively maintained

statsmodels is the package for econometric type statistics in python.

Resources

The statsmodels getting started guide and the user guide are good places to learn more about what statsmodels can do.

We will work through the following statsmodels demo notebook.

Local Option

You can download the notebook from here

You will also need to download the supplementary data file

and save this file in a folder called data where you have saved the notebook such as:

intro-to-statsmodels.ipynb
data/gravity_dataset_2013.csv

then browse to this folder and load jupyter:

jupyter notebook intro-to-statsmodels.ipynb

Cloud Based Option

You can launch the notebook

Matplotlib Numba