The Wolfram 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 Wolfram 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
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Key Capabilities

Mathematica includes thousands of built-in functions and curated data on many topics that let you:

  • Instantly create interactive applications to study economic behavior
  • Run fast, efficient large-scale simulations for cash flow testing and other applications
  • Generate computational agent-based models of dynamic economic systems
  • Detect and visualize chaotic behavior in macroeconomic time-series data
  • Solve microeconomic dynamic stochastic optimization problems
  • Use DEA-type modeling for the study of the economic efficiency indexes and more

Creating multidimensional visualizations of production, sales, and unemployment

Visualizing the effects of varying parameters in insurance policies

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How Wolfram Compares
Key Capabilities

Does your current tool set have these advantages?

  • Free-form linguistic input produces immediate results without the need for syntax
    Unique to Mathematica
  • Built-in current and historical financial, socioeconomic, and other data ready for computation without preprocessing
    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
    Unique to Mathematica
  • Complete workflow, from data import to analysis to interactive document or slide show, in one system
    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
    R, STATA, and other numerical systems do not include symbolic functionality
  • Automated precision control and arbitrary precision numerics produce highly accurate results
    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
    Unique to Mathematica

An educational tool for studying the elasticity of supply and demand

Studying the effect of holding period on real estate investment return

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How Wolfram Compares
Key Capabilities

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