

Statsmodels is an open-source library for statistical modeling in Python. It provides tools for estimating and interpreting statistical models.
Key features
- Comprehensive statistical tests and models
- Support for linear and non-linear regression
- Built-in time series analysis tools
- Easy integration with NumPy and Pandas
- Extensive documentation and examples
Pros
- Free and open-source
- Robust community support
- Rich functionality for statistical analysis
- User-friendly for those familiar with Python
Cons
- Steeper learning curve for beginners
- Limited visualization capabilities
- Some advanced features may require additional libraries