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Approximatrix is pleased to announce the availability of the software package, Draco, at http://approximatrix.com/. Draco is an innovative econometrics software released under an open-source license. Draco incorporates a user-friendly experience with powerful statistical analyses directed towards the econometrics market.

Draco integrates a variety of numerical methods for performing statistical analyses related to econometrics. Included in the package are a selection of regressions, including ordinary, two-stage, and nonlinear least squares and logit. Analyses are easily performed via graphical elements, rather than confusing scripts and command line languages, and results are presented in HTML tables. Draco includes powerful data manipulation and visualization tools, including the Approximatrix Openchart2 plotting engine. Draco is ideal for students new to the field econometrics as well as professionals performing complex analyses.

Draco is implemented in pure Java, meaning it may be deployed to any Java 5 platform, including Microsoft Windows, GNU/Linux, and Apple Mac OS X. All mathematic operations are performed using a Java implementation of the Linear Algebra Package (LAPACK), meaning results will always remain consistent across platforms. The native file format uses a standard, portable embedded database engine, allowing for simple access to Draco data in other software.

Draco allows operation alongside many other open-source packages. Draco allows the export of data to OpenDocument Spreadsheet files, compatible with both OpenOffice.org and StarOffice spreadsheet applications, as well as many other open-source spreadsheets. Plots created in Draco can be exported to Scalable Vector Graphics for embedding in other high-end applications without quality loss.

Approximatrix has licensed Draco under the Free Software Foundation's General Public License, which ensures that the software's source code will be available to all interested parties. Draco can be obtained for free by all, and users may browse the underlying code to observe first-hand the algorithms used to perform all analyses. The open-source nature is especially beneficial in providing users with the confidence that the algorithms used by Draco are correctly implemented.

Support for Draco rivaling and exceeding commercial competitors is available directly from Approximatrix, LLC. Users who purchase support are entitled to access to the Draco bug tracking system and additional example content. Furthermore, Approximatrix will steer Draco development based on input from customers, who are encouraged to vote on the importance of future additions to the software.

Release 1.0 of Draco Econometrics is available at http://approximatrix.com/ immediately.

About Approximatrix

Approximatrix, LLC is a software development firm founded in 2006 dedicated to open-source ideals. Approximatrix currently provides commercial support for two packages: Openchart2 and Draco. Openchart2 is a lightweight, highly versatile plotting library available to all Java developers under a free license. Draco is a user-friendly econometrics and statistics package for use on all major computing platforms. Approximatrix also provides services designed to reduce operating costs for organizations through the implementation of open-source software solutions. Approximatrix, LLC is a privately held Limited Liability Company in the State of Ohio. Learn more about Approximatrix at http://approximatrix.com.

Draco and Openchart2 are trademarks of Approximatrix, LLC. Other trademarks are property of their respective owners.