Empirical Research Guide · Economics and Finance

Which model fits your data?

The right econometric model depends on the properties of your data, not on preference. Test a real dataset, upload your own, or enter your test results, and follow the path to the model your paper needs.

6 model guides5 real example datasetsPython · statsmodels

Choose a dataset

Five real U.S. datasets. Each one leads to a different outcome.

Model guides

Routes to a finished paper

Each guide takes one real dataset through estimation, diagnostic tests and writing, with Python code, real output and sample text for the paper.

How the tool decides. A series is treated as stationary, I(0), if the ADF test rejects a unit root in levels at 5%; as I(1) if it rejects only after first differencing. The KPSS test is reported as a cross-check, and the tool warns you when the two disagree. When every series is I(1), the Johansen trace test decides between VAR and VECM. These are standard rules, but tests have low power in short samples and can be distorted by structural breaks, so treat the result as a starting point and justify the choice in your paper.