# Econometrics w/ PyMC3?

**URL:** <https://discourse.pymc.io/t/econometrics-w-pymc3/6297>\
**Category:** Questions\
**Created:** [November 23, 2020, 8:38pm UTC](https://discourse.pymc.io/t/econometrics-w-pymc3/6297 "2020-11-23T20:38:55Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![jbuddy\_13](https://yyz2.discourse-cdn.com/flex036/user_avatar/discourse.pymc.io/jbuddy_13/32/5900_2.png) [@jbuddy\_13](https://discourse.pymc.io/u/jbuddy_13)\
**Post date:** [November 23, 2020, 8:38pm UTC](https://discourse.pymc.io/t/econometrics-w-pymc3/6297/1 "2020-11-23T20:38:55Z")

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Has anyone come across a resource for learning economics/econometrics topics via PyMC3? Topics like price differentiation, demand forecasting, capacity allocation, etc.

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**Author:** ![luisroque](https://avatars.discourse-cdn.com/v4/letter/l/7c8e57/32.png) [@luisroque](https://discourse.pymc.io/u/luisroque)\
**Post date:** [November 28, 2020, 11:36am UTC](https://discourse.pymc.io/t/econometrics-w-pymc3/6297/2 "2020-11-28T11:36:43Z")

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Via PyMC3 I don’t think there is a specific resource. What I can recommend is _Bayesian Econometrics_ by Gary Koop. It gives you a good overview on several methods always using the Bayesian lens. Then you have to look at several examples of implementations. In the book _Bayesian Methods for Hackers_ by Cameron Davidson has some examples on those topics I believe. I would say that are quite simple but it is a way to start.

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**Author:** ![rosgori](https://yyz2.discourse-cdn.com/flex036/user_avatar/discourse.pymc.io/rosgori/32/1077_2.png) [@rosgori](https://discourse.pymc.io/u/rosgori)\
**Post date:** [November 28, 2020, 3:53pm UTC](https://discourse.pymc.io/t/econometrics-w-pymc3/6297/3 "2020-11-28T15:53:10Z")

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I think there is no course that uses Pymc3 for that. Although there is a course that uses Python and Julia

> **[QuantEcon](https://quantecon.org/)**
>
> QuantEcon is an organization run by economists for economists with the aim of coordinating distributed development of high quality open source code for all forms of quantitative economic modeling

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**Author:** ![jbuddy\_13](https://yyz2.discourse-cdn.com/flex036/user_avatar/discourse.pymc.io/jbuddy_13/32/5900_2.png) [@jbuddy\_13](https://discourse.pymc.io/u/jbuddy_13)\
**Post date:** [November 30, 2020, 4:01am UTC](https://discourse.pymc.io/t/econometrics-w-pymc3/6297/4 "2020-11-30T04:01:48Z")

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When I looked at this book, I didn’t see anything particularly economic in the chapter contents, most topics were just statistics. Maybe there are some unlisted topics? @luisroque

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**Author:** ![luisroque](https://avatars.discourse-cdn.com/v4/letter/l/7c8e57/32.png) [@luisroque](https://discourse.pymc.io/u/luisroque)\
**Post date:** [November 30, 2020, 2:37pm UTC](https://discourse.pymc.io/t/econometrics-w-pymc3/6297/5 "2020-11-30T14:37:59Z")

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It gives you the tools to work on different econometrics use cases. The aim is not to teach you econometrics or economics but to teach you how to apply Bayesian statistics to these different use cases.

Example:

 ![image](https://canada1.discourse-cdn.com/flex036/uploads/pymc3/original/2X/e/ef2391abc59c4e1b27baeb64b995eb487caf6e93.png)