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NumPy VS statsmodels

Compare NumPy VS statsmodels and see what are their differences

NumPy logo NumPy

NumPy is the fundamental package for scientific computing with Python

statsmodels logo statsmodels

Statsmodels: statistical modeling and econometrics in Python - statsmodels/statsmodels
  • NumPy Landing page
    Landing page //
    2023-05-13
  • statsmodels Landing page
    Landing page //
    2023-08-18

NumPy features and specs

  • Performance
    NumPy operations are executed with highly optimized C and Fortran libraries, making them significantly faster than standard Python arithmetic operations, especially for large datasets.
  • Versatility
    NumPy supports a vast range of mathematical, logical, shape manipulation, sorting, selecting, I/O, and basic linear algebra operations, making it a versatile tool for scientific and numeric computing.
  • Ease of Use
    NumPy provides an intuitive, easy-to-understand syntax that extends Python's ability to handle arrays and matrices, lowering the barrier to performing complex scientific computations.
  • Community Support
    With a large and active community, NumPy offers extensive documentation, tutorials, and support for troubleshooting issues, as well as continuous updates and enhancements.
  • Integrations
    NumPy integrates seamlessly with other libraries in Python's scientific stack like SciPy, Matplotlib, and Pandas, facilitating a streamlined workflow for data science and analysis tasks.

Possible disadvantages of NumPy

  • Memory Consumption
    NumPy arrays can consume large amounts of memory, especially when working with very large datasets, which can become a limitation on systems with limited memory capacity.
  • Learning Curve
    For users new to scientific computing or coming from different programming backgrounds, understanding the intricacies of NumPy's operations and efficient usage can take time and effort.
  • Limited GPU Support
    NumPy primarily runs on the CPU and doesn't natively support GPU acceleration, which can be a disadvantage for extremely compute-intensive tasks that could benefit from parallel processing.
  • Dependency on Python
    Since NumPy is a Python library, it depends on the Python runtime environment. This can be a limitation in environments where Python is not the primary language or isn't supported.
  • Indexing Complexity
    Although NumPy's slicing and indexing capabilities are powerful, they can sometimes be complex or unintuitive, especially for multi-dimensional arrays, leading to potential errors and confusion.

statsmodels features and specs

No features have been listed yet.

Analysis of NumPy

Overall verdict

  • Yes, NumPy is considered good. It is a foundational library in the Python ecosystem for numerical computing and is used globally by researchers, engineers, and data scientists.

Why this product is good

  • NumPy is widely regarded as a good library because it offers fast, flexible, and efficient array handling that is integral to scientific computing in Python. It provides tools for integrating C/C++ and Fortran code, useful linear algebra, random number capabilities, and a vast collection of mathematical functions. Its array broadcasting capabilities and versatility make complex mathematical computations straightforward.

Recommended for

  • Scientists and researchers working with large-scale scientific computations.
  • Data scientists engaged in data analysis and manipulation.
  • Engineers and developers needing performance-optimized mathematical computations.
  • Educators and students in STEM fields.

NumPy videos

Learn NUMPY in 5 minutes - BEST Python Library!

More videos:

  • Review - Python for Data Analysis by Wes McKinney: Review | Learn python, numpy, pandas and jupyter notebooks
  • Review - Effective Computation in Physics: Review | Learn python, numpy, regular expressions, install python

statsmodels videos

Linear Regressions with StatsModels

More videos:

  • Review - Code review - Z Test using statsmodels
  • Review - Code Review: Analyse Training VAR statsmodels with a real world dataset

Category Popularity

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Data Science And Machine Learning
Development Tools
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Data Science Tools
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Python Tools
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User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare NumPy and statsmodels

NumPy Reviews

25 Python Frameworks to Master
SciPy provides a collection of algorithms and functions built on top of the NumPy. It helps to perform common scientific and engineering tasks such as optimization, signal processing, integration, linear algebra, and more.
Source: kinsta.com
Top 8 Image-Processing Python Libraries Used in Machine Learning
Scipy is used for mathematical and scientific computations but can also perform multi-dimensional image processing using the submodule scipy.ndimage. It provides functions to operate on n-dimensional Numpy arrays and at the end of the day images are just that.
Source: neptune.ai
Top Python Libraries For Image Processing In 2021
Numpy It is an open-source python library that is used for numerical analysis. It contains a matrix and multi-dimensional arrays as data structures. But NumPy can also use for image processing tasks such as image cropping, manipulating pixels, and masking of pixel values.
4 open source alternatives to MATLAB
NumPy is the main package for scientific computing with Python (as its name suggests). It can process N-dimensional arrays, complex matrix transforms, linear algebra, Fourier transforms, and can act as a gateway for C and C++ integration. It's been used in the world of game and film visual effect development, and is the fundamental data-array structure for the SciPy Stack,...
Source: opensource.com

statsmodels Reviews

We have no reviews of statsmodels yet.
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Social recommendations and mentions

Based on our record, NumPy seems to be a lot more popular than statsmodels. While we know about 121 links to NumPy, we've tracked only 4 mentions of statsmodels. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

NumPy mentions (121)

  • Top 5 GitHub Repositories for Data Science in 2026
    The book introduces the core libraries essential for working with data in Python: particularly IPython, NumPy, Pandas, Matplotlib, Scikit-Learn, and related packages Familiarity with Python as a language is assumed; if you need a quick introduction to the language itself, see the free companion project, Aโ€ฆ. - Source: dev.to / 14 days ago
  • Your 2025 Roadmap to Becoming an AI Engineer for Free for Vue.js Developers
    AI starts with math and coding. You donโ€™t need a PhDโ€”just high school math like algebra and some geometry. Linear algebra (think matrices) and calculus (like slopes) help understand how AI models work. Python is the main language for AI, thanks to tools like TensorFlow and NumPy. If you know JavaScript from Vue.js, Pythonโ€™s syntax is straightforward. - Source: dev.to / about 2 months ago
  • Building an AI-powered Financial Data Analyzer with NodeJS, Python, SvelteKit, and TailwindCSS - Part 0
    The AI Service will be built using aiohttp (asynchronous Python web server) and integrates PyTorch, Hugging Face Transformers, numpy, pandas, and scikit-learn for financial data analysis. - Source: dev.to / 8 months ago
  • F1 FollowLine + HSV filter + PID Controller
    This library provides functions for working in domain of linear algebra, fourier transform, matrices and arrays. - Source: dev.to / about 1 year ago
  • Intro to Ray on GKE
    The Python Library components of Ray could be considered analogous to solutions like numpy, scipy, and pandas (which is most analogous to the Ray Data library specifically). As a framework and distributed computing solution, Ray could be used in place of a tool like Apache Spark or Python Dask. Itโ€™s also worthwhile to note that Ray Clusters can be used as a distributed computing solution within Kubernetes, as... - Source: dev.to / about 1 year ago
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statsmodels mentions (4)

  • [P] statsmodels.tsa.holtwinters.ExponentialSmoothing results in NaN forecasts and parameters when fitting on entire dataset using known parameters from training model.
    I reckon you're more likely to get a good response on their Github page than here. Unless a dev happens to see this post. Source: almost 3 years ago
  • How do you usually build your models?
    Since you are using python, pandas, scikit-learn, scipy, and statsmodels are what you are looking for. Source: about 3 years ago
  • Can we solve serverless cold starts?
    In case you're really worried about cold start latency and your application load shows high variance in the number of concurrent requests, you might want to get a bit fancier. You could use time-series forecasting to anticipate how many containers should be warmed at each point in time. StatsModels is an open-source project that offers the most common algorithms for working with time-series. Here's a good... - Source: dev.to / about 4 years ago
  • Advice required to choose appropriate software for an assignment
    Can't you get a student discount for Stata? R would definitely be able to handle everything. For Python, have a look through the statsmodel package https://github.com/statsmodels/statsmodels. Source: over 4 years ago

What are some alternatives?

When comparing NumPy and statsmodels, you can also consider the following products

Pandas - Pandas is an open source library providing high-performance, easy-to-use data structures and data analysis tools for the Python.

Flutter - Build beautiful native apps in record time ๐Ÿš€

OpenCV - OpenCV is the world's biggest computer vision library

python wiki - Component Libraries

Scikit-learn - scikit-learn (formerly scikits.learn) is an open source machine learning library for the Python programming language.

Ionic - Ionic is a cross-platform mobile development stack for building performant apps on all platforms with open web technologies.