GRETL: an econometrics package for teaching and research
AbstractPurpose – 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Emerald Group Publishing in its journal Managerial Finance.
Volume (Year): 36 (2010)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.emeraldinsight.com
Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter Kennedy, 2003. "A Guide to Econometrics, 5th Edition," MIT Press Books, The MIT Press, edition 5, volume 1, number 026261183x, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Louise Lister).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.