Mathematica Solution for Econometrics

Rapidly create interactive test models, analyze data, and seamlessly scale up to large, high-powered simulations—all in one system, with one integrated workflow.

The Mathematica econometrics solution is unique in providing built-in, ready-to-use economic data alongside powerful statistical analysis tools, built-in parallel processing, and state-of-the-art symbolic and numerical computation.

Using built-in or imported data to instantly create interactive applications

Dynamically exploring the effects of federal funds rate cuts of 0.5% or more on major macroeconomic variables

Key Capabilities

Why Choose Mathematica

Ways to Use

Mathematica has immediate built-in access to current and historical financial and economic data
Country Data »
Use socioeconomic data and time series for all countries, including GDP and exchange rates
Financial Data »
Use current and historical delayed stock, fund, index, and currency data, and more
Access terabytes of curated data from Wolfram|Alpha—including geographic, socioeconomic, and demographic information—immediately ready for analysis »
Wide variety of built-in standard charts and graphs, including pie and bar charts, paired histograms, box whisker charts, radar plots, quantile plots, and more »
Hundreds of formats for importing and exporting data, including XLS, XML, CSV, and TSV »
Multidimensional optimization problem-solving using automated algorithm selection or user-specified methods such as simulated annealing, Nelder–Mead, differential evolution, and random search »
Model identification and diagnostic tools, including AIC/BIC model selection and partial-, auto-, and cross-correlation functions using the Time Series application package »
Integrate Mathematica and Microsoft Excel with Mathematica Link for Excel »
Next:
Why Choose Mathematica

Key Capabilities

Why Choose Mathematica

Ways to Use

Compare Mathematica to your current tools. Do they have these advantages?
Free-form linguistic input produces immediate results without the need for syntax »
Competitor note: Unique to Mathematica
Complete workflow, from data import to analysis to interactive document or slide show, all in one system
Competitor note: R, SAS, Minitab, and other software do not support a complete workflow in a single environment
Built-in current and historical financial, socioeconomic, and other data ready for computation without preprocessing
Competitor note: Built-in data combined with high-powered computation is unique to Mathematica
Instant creation of dynamic interfaces that allow you to vary parameters and gain useful insights from datasets »
Competitor note: Unique to Mathematica
Automated precision control and arbitrary precision numerics produce highly accurate results »
Competitor note: Microsoft Excel and other systems that rely on finite precision numerics can cause serious errors due to lack of precision

Powerful symbolic statistical computation and built-in functions for all standard statistical distributions
Competitor note: R, STATA, and other numerical systems do not include symbolic functionality
Seamless integration of numerics, symbolics, interactive graphics, and all other computational aspects in one document
Competitor note: Unique to Mathematica
Next:
Ways to Use

Key Capabilities

Why Choose Mathematica

Ways to Use

Analyzing stationary and non-stationary time series data
Performing Monte Carlo simulations, bootstrap analysis, probability estimations, and more
Solving computationally intensive Bayesian statistics problems
Estimation of spatial autoregressive panel data models
Modeling the macroeconomic effects of federal interest rate cuts, tax policy, currency devaluation, and more

Pricing American or Bermudan basket options using Monte Carlo simulation
Next:
Key Capabilities