I definitely agree most students don't use econometrics in their jobs. That's why I suggest not overthinking it. The real point is that once you learn one language, and understand the logic of what you are trying to do, the skills are transferable. I have spent too much time watching people create complex and undecipherable spreadsheets. I tested STATA and thought that Eviews was a better time series vehicle, but maybe that's me. These may not be popular in academia but are widely used in business. Also, you need it if you want to do traditional Klein-style models. I now use Eviews in a business context and it is perfectly satisfactory. I'm late in my career as a business economist (with a Ph.D.) and have had to learn the following languages:īasic/Fortran (not for econometrics but a great building block)ĪPL (used a European econometrics package from the 1970s called EPL written in this)ĪREMOS (a proprietary package from Wharton Econometric Forecasting Associates)
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