Free Econometrics Softwares

In this list, we have selected a few best and download free all econometrics softwares which are also known as open source econometrics softwares. The description of free econometrics softwares is given for illustrative purposes as outlined on the main websites of the corresponding software. We have also linked the titles of the free econometrics to the download pages of the softwares for your convenience.

1. Gretl
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Is a cross-platform software package for econometric analysis, written in the C programming language. It is free, open-source software. You may redistribute it and/or modify it under the terms of the GNU General Public License (GPL) as published by the Free Software Foundation.

2. FreeMat
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It's a  free environment for rapid engineering and scientific prototyping and data processing. It is similar to commercial systems such as MATLAB from Mathworks, and IDL from Research Systems, but is Open Source. FreeMat is available under the GPL license.

3. Draco (1.4)

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Draco is among the best open-source and free econometric softwares, providing functionality available in popular statistics packages without high purchasing and licensing costs. Draco presents a familiar, yet powerful, user interface to improve efficiency.

The user interface of Draco is similar to spreadsheet applications, presenting all data to the user for all stored variables, and all functionality is accessed via the modern interface. Data can quickly be visualized thanks to the Approximatrix Openchart2 plotting library.

Approximatrix no longer officially provides support for Draco Econometrics. However, Draco is an open-source project, and anyone should feel free to download the source code or fork the project. Downloads for the final Approximatrix release, 1.4, are available below:


4. EasyReg International
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EasyReg (Easy Regression) International (shortly EasyReg) conducts various econometric estimation and testing tasks on all 32 bit and 64 bit Windows platforms up to Windows 7, simply by clicking the mouse. EasyReg also works under Windows 8, but in that case you need to set the compatibility mode of EasyReg to Windows XP. (Thanks to Christina Mikropoulou for checking the latter.)EasyReg was initially programmed in Visual Basic 3, then migrated to Visual Basic 5 (via Visual Basic 4), and has been further developed in Visual Basic 5 Enterprise Edition.

EasyReg is designed for use in empirical research (including my own), and for teaching econometrics. In the latter case the user can choose his or her own econometrics level.

EasyReg is called International because it accepts dots and/or commas as decimal delimiters, regardless of the local number setting of Windows. Moreover, EasyReg works under non-English versions of Windows as well without the need to adjust the language setting of Windows, as long as the language involved uses a roman alphabet, for example German, Dutch, Spanish, Portuguese, and French Windows versions.

5. JMulTi

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JMulTi is an interactive software designed for univariate and multivariate time series analysis. It has a Java graphical user interface that uses an external engine for statistical computations.Implemented features include VAR/VEC modelling but also methods that are not yet in widespread use. A full account of implemented methods is available in the features section.


6. R

Download Free Econometrics SoftwareR is a free software environment for statistical computing and graphics. It compiles and runs on a wide variety of UNIX platforms, Windows and MacOS. To download R, please choose your preferred CRAN mirror.

If you have questions about R like how to download and install the software, or what the license terms are, please read our answers to frequently asked questions before you send an email.

7. Matrixer
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Matrixer is a piece of software especially suited for teaching econometrics and doing medium-scale applied research. It is small (in physical size, not in capabilities) and has smooth interface. Many routine operations could be done in seconds.

8. Octave
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Next in our series of Free Econometrics Softwares is The Octave which has its syntax largely compatible with Matlab. The Octave interpreter can be run in GUI mode, as a console, or invoked as part of a shell script. More Octave examples can be found in the wiki.

Solve systems of equations with linear algebra operations on vectors and matrices.

b = [4; 9; 2] # Column vector
A = [ 3 4 5;
      1 3 1;
      3 5 9 ]
x = A \ b     # Solve the system Ax = b

Visualize data with high-level plot commands in 2D and 3D.

x = -10:0.1:10; # Create an evenly-spaced vector from -10..10
y = sin (x);    # y is also a vector
plot (x, y);
title ("Simple 2-D Plot");
xlabel ("x");
ylabel ("sin (x)");

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