Statsmodels: Econometric and Statistical Modeling with Python

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.