10 Python Libraries for Machine Learning You Should Try Out in 2023!

Statsmodels provides a wide range of statistical and econometric tools for data analysis. It is particularly useful for estimating and testing statistical models and includes functions for linear regression, generalized linear models, time series analysis, and other types of statistical analysis. Statsmodels also includes a suite of diagnostic tools for checking the assumptions of statistical models and tools for model selection and evaluation. In addition, Statsmodels provides several visualization tools for creating publication-quality plots and graphs. JAX by Google allows users to easily and efficiently perform mathematical operations on arrays, including linear algebra and differentiation.