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Statsmodels: Econometric and Statistical Modeling with Python

Skipper Seabold
American University

Josef Perktold
CIRANO, University of North Carolina Chapel Hill


Statsmodels is a library for statistical and econometric analysis in Python. This paper discusses the current relationship between statistics and Python and open source more generally, outlining how the statsmodels package fills a gap in this relationship. An overview of statsmodels is provided, including a discussion of the overarching design and philosophy, what can be found in the package, and some usage examples. The paper concludes with a look at what the future holds.


statistics, econometrics, R



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