GRETL is a cross-platform, free, open-source, software package written in C programming language for doing econometric analysis. GRETL stands for Gnu Regression, Econometrics and Time-series Library: the software is comprised of a shared library, an econometrics package, a graphical user interface, and a client program integrated with command line.
GRETL is the official application for econometrics introduction. It is free to download and has great potentiality. The package includes everything that is needed in the computer regressing exercises. In some aspects GRETEL is similar to other major applications like Stata, EViews, SPSS, and SAS. GRETL can be used together with TRAMO/SEATS, X-12-ARIMA, R, Octave, and Ox. This programming language uses GTK+ as widget toolkit for generating its Graphical User Interface, and uses gnu plot for producing graphs. GRETL offers wide array of estimators like least squares, maximum likelihood, GMM; single-equation, and system methods. The output models of this programming language are LaTeX files, in tabular or equation format. With such a combination of statistical models in one program, it looks to provide extensive and sophisticated analysis of data in its simplest form. Professionals use this program to solve multiple econometrics problems by critically analyzing that data for ease of presentation. Apart from econometrics, it is also applied in solving engineering, mathematical and biological problems in an effort to manipulate and formulate that data.
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