Econometric modeling is essential for analyzing economic data, making forecasts, and informing policy decisions, however, traditional approaches often require extensive coding expertise, making them inaccessible to many economists and analysts. With the Econometric Modeler app in MATLAB, you can build, analyze, and validate models in an interactive, no-code environment—reducing ramp-up time and increasing efficiency.

Interactive Econometric Modeling

The Econometric Modeler app provides an intuitive, graphical interface for working with time series data. Users can import datasets from multiple formats—including MATLAB’s native .mat files—and visualize them instantly. A simple workflow enables data transformation, such as taking logarithms or calculating differences, helping to prepare the data for further analysis.

Watch this video to see the Econometric Modeler app in action

Validating Data and Selecting Models

Before fitting a model, it is crucial to check whether the dataset is stationary. The Econometric Modeler app includes built-in statistical tests, such as the KPSS test, to assess stationarity. Once confirmed, users can select from a range of econometric models, including:

• ARIMA models for univariate time series forecasting
• GARCH models for volatility estimation
• VAR models for analyzing multivariate time series data

With just a few clicks, users can specify model parameters and estimate them automatically within MATLAB.

Model Diagnostics and Residual Analysis

After estimation, the app provides a comprehensive set of diagnostic tools to assess model fit. Users can analyze residuals through autocorrelation plots and QQ plots, ensuring the model assumptions hold. MATLAB’s built-in statistical descriptions offer insights into parameter estimates and model performance.

Reproducibility and Automation

One of the standout features of the Econometric Modeler app is its ability to automatically generate MATLAB code based on the interactive steps taken. This allows users to:

• Reproduce analyses without manually redoing each step
• Share scripts with colleagues for collaboration
• Integrate the workflow into larger applications

Additionally, users can export reports summarizing their analysis, making it easy to document findings and share insights.

Streamline Your Econometric Analysis

The Econometric Modeler app in MATLAB simplifies the entire modeling process—from data import and transformation to model selection, diagnostics, and automation. Whether you are new to econometrics or an experienced analyst, this tool enhances productivity and ensures accuracy in your economic research.

Watch the full demonstration to see the Econometric Modeler app in action