Statsmodels

Statsmodels is a Python library used for analyzing and understanding data, especially in statistics. It provides tools to perform complex data analysis tasks like identifying relationships between variables, testing hypotheses, and building models such as linear regression. Think of it as a toolkit that helps researchers and analysts make sense of data patterns, quantify uncertainty, and draw meaningful conclusions. Overall, Statsmodels simplifies the process of applying statistical methods programmatically, making it easier to interpret data-driven insights accurately.