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There are two branches in statistics: ‘Descriptive statistics’’ and ‘’ Inferential statistics. Descriptive statistics involves methods of organizing, picturing and summarizing information from data. Inferential statistics involves methods of using information from a sample to draw conclusions about the Population.
Simul – econometric tool for multidimensional (multi-sectoral, multi-regional) modeling; SmartPLS – statistics package used in partial least squares path modeling (PLS) and PLS-based structural equation modeling; SOCR – online tools for teaching statistics and probability theory
There are a few reviews of free statistical software. There were two reviews in journals (but not peer reviewed), one by Zhu and Kuljaca [26] and another article by Grant that included mainly a brief review of R. [27] Zhu and Kuljaca outlined some useful characteristics of software, such as ease of use, having a number of statistical procedures and ability to develop new procedures.
Statistica is a suite of analytics software originally developed by StatSoft and acquired by Dell in March 2014. The software includes an array of data analysis, data management, data visualization, and data mining procedures; as well as a variety of predictive modeling, clustering, classification, and exploratory techniques. [2]
"Trends in Applied Econometrics Software Development 1985–2008: An Analysis of Journal of Applied Econometrics Research Articles, Software Reviews, Data and Code". Palgrave Handbook of Econometrics .
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