Mathematica Solution for Economics

Easily create interactive applications that pull in your data or ours, perform standardized or custom analysis, and generate reports automatically—all in one system, with one integrated workflow.

The Mathematica economics solution includes sophisticated statistics and optimization tools alongside unique capabilities like built-in data sources, instant interactivity, advanced differential equation solving, and the reliability of a mixed symbolic-numeric approach to computation.

Easily building interactive applications to analyze economic models

Dynamically exploring the cost and revenue situation in a monopoly and in perfect competition

Key Capabilities

Why Choose Mathematica

Ways to Use

Mathematica includes thousands of built-in functions for computation, modeling, visualization, development, and deployment »
Economics specific capabilities include:
Built-in linear, nonlinear, logit, probit, generalized linear, and other regression models »
Estimation of distribution parameters from data and testing of goodness of fit of data to distributions
More statistical distributions than any other system and the ability to define new distributions from data, formulas, or other distributions »
Free-form linguistic input produces immediate results without the need for syntax »
Powerful local and global optimization, both numeric and symbolic, including constrained nonlinear optimization, interior point methods, and integer programming »
Easy creation of interactive applications for real-time analysis of parametric models »
Automatic generation of reports with interactive applications and text, immediately deployable using Wolfram CDF Player or webMathematica
Efficient random number generation for simulating events, estimating probabilities, numerically testing symbolic results, and more »
Economic modeling and analysis using symbolic as well as numerical computation »
High-level support for mathematical model building using calculus, probability, and game theory

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 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 »
Easy import and export of data in a wide variety of formats, including XML, XLS, CSV, and TSV »
Integrated parallel computing capabilities for solving Bayesian statistical problems or other computation- or data-intensive problems »
Multidimensional optimization problem-solving using automated algorithm selection or user-specified methods such as simulated annealing, Nelder-Mead, differential evolution, and random search »
Combine the power of Mathematica and the convenience of Microsoft Excel using the Mathematica Link for Excel »
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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
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
Complete workflow, from data import to analysis to interactive document or slide show, in one system
Competitor note: R, GAUSS, Minitab, and other software do not support a complete workflow in a single environment
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

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
Seamless integration of numerics, symbolics, interactive graphics, and all other computational aspects in one document
Competitor note: Unique to Mathematica
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Ways to Use

Key Capabilities

Why Choose Mathematica

Ways to Use

Instantly creating interactive applications to study economic behavior
Running fast, efficient large-scale simulations for cash flow testing and other applications
Generating computational agent-based models of dynamic economic systems
Detecting and visualizing chaotic behavior in macroeconomic time-series data
Solving microeconomic dynamic stochastic optimization problems

Using DEA-type modeling for the study of the economic efficiency indexes and more
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Key Capabilities