Statsmodels: Statistical Modeling and Econometrics Overview Statsmodels is Python's premier library for statistical modeling, providing tools for estimation, inference, and diagnostics across a wide range of statistical methods. Apply this skill for rigorous statistical analysis, from simple linear regression to complex time series models and econometric analyses. When to Use This Skill This skill should be used when: - Fitting regression models (OLS, WLS, GLS, quantile regression) - Performing generalized linear modeling (logistic, Poisson, Gamma, etc.) - Analyzing discrete outcomes (binary,…