This is my contribution. I think Gretl is great for explaining econometrics
for a non-technical audience. We used to teach "analytical tools" in a
executive program (finance oriented). It is mostly time-series, but
very-very intuitive. Yeah... almost no equation, yes! it may sound
impossible but we have to keep students "alive". For example we make a huge
shortcut explaining ARIMA modeling by saying that there are different kind
of processes: (i) short-memory (MA), (ii) long-memory (AR), and (iii)
integrated (I)... and our goal is to find the best fit, by either using
in-sample techniques (we say that information criteria as some kind or
adjusted-r2) or by out-of-sample performance (Gretl prints out several
statistics when you make forecasts). All of this is done by using mouse...
although we explain how to save models and graphs into a session. I think
the key for doing all of this is to have useful examples, such as modeling
an economic activity index or something that makes sense for your students.
Sometime textbooks exercises are too narrow for their interests. Hoping
this helps you. Best, Rodrigo.
2012/12/10 Logan Kelly <logan.kelly(a)uwrf.edu>
Lee,****
** **
Thank you. I use both your manual and the text book it is written for
(POE4) in my Econometrics course. Both are very good. And I agree that the
thumb drive feature is great.****
** **
Logan****
** **
*From:* gretl-users-bounces(a)lists.wfu.edu [mailto:
gretl-users-bounces(a)lists.wfu.edu] *On Behalf Of *Lee Adkins
*Sent:* Monday, December 10, 2012 1:02 PM
*To:* Gretl list
*Subject:* Re: [Gretl-users] Gretl and MBA Statistics****
** **
I've used it in undergraduate classes (econometrics) and am currently
using it in a Masters level class that includes a few MBA students. As
Allin states, it can be used at several levels and the GUI is quite
intuitive. Scripting is completely optional at this level, IMO. Most of
the basic statistics are easily available and graphs are easy to generate
as well. You may find the manual I wrote
http://learneconometrics.com/gretl/using_gretl_for_POE4.pdf useful.
Admittedly, the new version contains more complicated scripts than the
previous one did, but the GUI is explained and illustrated as well,
especially in the early chapters and the appendices on statistics and
probability. The book it is based on is an undergraduate/masters level
book and, at least if your course is regression based, fairly easy to
follow.
I love it in class since I can install it on a thumb-drive and carry it
around in my pocket to whatever classroom I'm using. It has made teaching
the computational aspects of statistics much easier for me and my students
have responded very favorably to it (I used to use Stata, and before that
E-Views and SAS).
The scripting language makes it ideal for higher level courses as well.
Cheers,
Lee****
On Fri, Dec 7, 2012 at 4:07 PM, Logan Kelly <logan.kelly(a)uwrf.edu> wrote:
****
Hello all,****
****
I am considering using Gretl for a Statistics class I teach in an
executive MBA program. I am think about this because (i) Gretl is free for
students to use, and (ii) it does not require admin rights to install.
Point (ii) is the most important. My consern is that while Gretl is great
for econometrics, it might require too much techinical skill for an MBA
program. Does anyone have any thought and/or suggestions? ****
****
Thanks,****
****
Logan****
****
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--
Lee Adkins
Professor of Economics
lee.adkins(a)okstate.edu
learneconometrics.com****
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