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GRETL: an econometrics package for teaching and research

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Author Info

  • James Mixon Jr

Abstract

Purpose – Model estimation gives students insights beyond what they can gain from textbook presentations. This paper introduces a way to make doing this easier and more effective. It introduces the program Gnu Regression, Econometrics and Time-series Library (GRETL) which may be downloaded free of charge, and which students can place on their computers quickly and easily. Using GRETL to produce ordinary least squares (OLS) estimates is an easy, intuitive exercise. Therefore, instructors may assign such exercises without taking a large amount of time to introduce the computer and OLS estimation. GRETL, though designed to facilitate instruction, has grown into a full econometrics package that instructors can use as a research tool as well as an instructional aid. Design/methodology/approach – The paper provides an overview of GRETL's accessibility and its capabilities. Next it addresses the use of GRETL for instructional purposes. Then it shows how GRETL can be used as a research tool. Findings – The paper shows that GRETL can be a useful addition to the instructor who is showing novices how to use regression models. Also, it can be used as a research tool. Practical implications – Given software like GRETL, instructors no longer need to omit model estimation because of the difficulties in accessing software and showing students how to use it. Originality/value – This paper introduces a relatively new option, the use of a powerful open-source software package to instructors in finance and accounting courses.

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File URL: http://www.emeraldinsight.com/journals.htm?issn=0307-4358&volume=36&issue=1&articleid=1834333&show=abstract
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Bibliographic Info

Article provided by Emerald Group Publishing in its journal Managerial Finance.

Volume (Year): 36 (2010)
Issue (Month): 1 (January)
Pages: 71-81

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Handle: RePEc:eme:mfipps:v:36:y:2010:i:1:p:71-81

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Web page: http://www.emeraldinsight.com

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Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
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Web: http://www.emeraldinsight.com/mf.htm

Related research

Keywords: Capital markets; Persian Gulf States; Stock markets;

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  1. Peter Kennedy, 2003. "A Guide to Econometrics, 5th Edition," MIT Press Books, The MIT Press, edition 5, volume 1, number 026261183x, January.
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