Using Python and Statsmodels for Principles of Econometrics

The definitive Python-language supplement to the best-selling Principles of Econometrics (5th Edition) by Hill, Griffiths, and Lim (2018). With this book, the student will learn how to use Python and Statsmodels to do many of econometric tasks introduced in a typical two-semester econometrics sequence at the undergraduate or graduate level.Python's ease of use and wide adoption makes it a perfect language for a student to learn at the beginning of their econometric journey. In this work we introduce (very briefly) the Python language, the pandas data analysis and manipulation tool, and how to make plots using the Matplotlib and Seaborn packages. In subsequent chapters we make extensive use of the statsmodels package for completing the examples in Principles of Econometrics. Statsmodels provides classes and functions that allow the estimation of a wide array of statistical models, as well as providing a tool for conducting statistical tests and statistical data analysis.The Jupyter notebooks presented in this book are available for download from our website. Read more