The Total Differential Modeling Toolkit
ESM-Lab is a modeling software that facilitates the Total Differential Modeling Approach. It works like an econometric analysis system, but depends on multiple simple regressions instead of multiple linear regressions. It minimizes complicated econometric and economic theories and derives the structure of an economy directly.
With ESM-Lab, you can analyze and model data targeting all the mainstream economies easily.
ESM-Lab is not a high level programming language, at least not yet. It's a toolkit that can be used to analysis data
ESM-Lab is an modeling toolkit with simply interactive interface, a state-of-the-art light-speed data analysis engine, to help researcher quickly produce results.
ESM-Lab is used by reseachers in various fields or disciplines. Lecturers and instructors to analyze data for their research. Students use ESM-Lab to learn data modeling and research.
ESM-Lab is currently not an open source technology, so it is not free to use and modify. If you are looking for Support or technical partnership, the ESM-Lab Foundation provides such services.
ESM-Lab facilitate Linear Programming and Optimal Control: a lightweight, easy to use, statically simplified tool with a real and useful data analysis engine.
The goal of designing ESM-Lab is to help change the world by accelerating the pace of decision making, innovation, development, and learning in our social economic sphere. We use this environment to provide innovative solutions in a wide range of application areas.
Rex Aruofor and Kingsley Omoruyi, the cofounders of ESM-Labs, recognized the need among economic systems researchers and scientists for easy to use and yet more powerful and productive computation environments to compliment existing tools such as SPSS, MATHLAB and Eviews. In response to that need, they combined their expertise in mathematics, engineering, economics, and computer science to develop ESM-Lab, a high-performance technical computing environment. The ESM Foundation was setup to manage the community created by ESM-Lab software.
We actively support our local and professional communities through initiatives that advance STEM education development, especially through university and college students research and projects.