computer science

TSP (econometrics software)

TSP (econometrics software) is a computer science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand TSP (econometrics software) rather than just read about it. In short: TSP is a programming language for the estimation and simulation of econometric models. TSP stands for "Time Series Processor", although it is also commonly used with cross section and panel data.

Key takeaways

TSP (econometrics software) belongs to computer science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect TSP (econometrics software) to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of TSP (econometrics software) from memory before moving on to harder problems.

Reference excerpt

TSP is a programming language for the estimation and simulation of econometric models. TSP stands for "Time Series Processor", although it is also commonly used with cross section and panel data. The program was initially developed by Robert Hall during his graduate studies at Massachusetts Institute of Technology in the 1960s. The company behind the program is TSP International which was founded in 1978 by Bronwyn H. Hall, Robert Hall's wife. After their divorce in April 1983, the asset of TSP was split into two versions, and subsequently the two versions have diverged in terms of interface and types of subroutines included. One version is TSP, still developed by TSP International. The other version, initially named MicroTSP, is now named EViews, developed by Quantitative Micro Software.

Supported data formats Microsoft Excel file format Stata dta files up to version 11 Databank format (.DB)

References

Further reading MacKie-Mason, Jeffrey K. (1992). "Econometric Software: A User's View". Journal of Economic Perspectives. 6 (4): 165–187. doi:10.1257/jep.6.4.165. Silk, Julian (1996). "Systems estimation: A comparison of SAS, SHAZAM and TSP". Journal of Applied Econometrics. 11 (4): 437–450. doi:10.1002/(SICI)1099-1255(199607)11:4<437::AID-JAE405>3.0.CO;2-O.

External links Homepage TSP 4.5 Reference Manual TSP 4.4 User's Guide

Worked examples

Example 1 — a first encounter with TSP (econometrics software)

Start with the simplest possible case. Write down what TSP (econometrics software) claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In computer science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to TSP (econometrics software) before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about TSP (econometrics software) ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of TSP (econometrics software)

In research: TSP (econometrics software) appears in computer science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses TSP (econometrics software) in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: TSP (econometrics software) is common in secondary-school and first-year university syllabi. It links to neighbouring topics Econometrics software, Simulation programming languages, so understanding it makes those chapters shorter.
In everyday life: Look for TSP (econometrics software) outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study TSP (econometrics software) in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what TSP (econometrics software) means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain TSP (econometrics software) out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is TSP (econometrics software) in simple terms?

TSP is a programming language for the estimation and simulation of econometric models. TSP stands for "Time Series Processor", although it is also commonly used with cross section and panel data.

Why does TSP (econometrics software) matter?

Because it connects several computer science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study TSP (econometrics software)?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on TSP (econometrics software).