Various software techniques are floating in the market these days like SPSS, AMOS, ADANCO, SMART - PLS etc, are they required to be known by an economics background researchers?
What are the different econometrics software tools available online?
Statistical software is very useful tools to facilitate statistical analysis on large sets of quantitative data obtained from conducted research. Individual statistical applications differ in some aspects of the service, built-in statistical formulas, graphical functions of charts, etc. In some universities, for example, SPSS is used to develop statistical results of research conducted for the purposes of theses written by students.
Greetings,
Dariusz Prokopowicz
Eviews is user friendly and supports many types of data analyses like time series, cointegration, panel data modeling, structural breaks, principal component analysis, GMM etc
Most statistical software can be used to perform econometrics analyses, but it might depend on the firm you are going to work for. At universities in the Netherlands, you can learn any program (STATA, SPSS, AMOS, SAS, R, Python), but most firms might not be able to buy a specific program or modules.
SPSS has many modules and each has to be paid for separately. R is free and has so many add-ons, it most likely has what you need. At my university students are learned to work with SPSS and JASP, but master students are required to learn R.
To go beyond the world of statistics, you also need to see if a 'statistical' program allows programming. R is in fact a programming language like Python. SPSS has Sax Basics (it resembles Visual Basics). Visual Basics allows you to call SPSS and perform analyses.
You choice should also be guided by the question if you need to run statistical production lines (feedback reports at regular intervals in large volumes).
It is possible to review published studies, whether research or books and others that include important information on this topic. You can also consult specialists in this field, but such studies are field in most cases to reach accurate results.
Your list is quite comprehensive. But, I would recommend you to learn stata if your are working on econometric models and secondary data. But for the primary data, SPSS, AMOS, and PLS are the popular choices. For simulatory form of data and mathematical modeling, Matlab, SAS, and R-programming are best softwares.
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