How to Install Statsmodels in Python?

Last Updated : 19 Jun, 2026

Statsmodels is a Python library that enables us to estimate and analyze various statistical models. It is built on numeric and scientific libraries like NumPy and SciPy. It provides classes & functions for the estimation of many different statistical models.

Installing Statsmodels in Windows

1. Using pip

The easiest way to install Statsmodels is by using pip. First, create and activate a virtual environment, then install the library using the following commands:

python -m venv env
.\env\Scripts\activate
pip install statsmodels

install-statsmodel

This will automatically install Statsmodels with its dependencies including NumPy, SciPy, Pandas, and Patsy. Patsy is used for handling formulas in statistical models.

2. Using Conda (Anaconda Users)

If you use Anaconda, Statsmodels can be installed using the Conda package manager:

conda install -c conda-forge statsmodels

image1

To continue with installation type 'y':

image

Verifying the Installation

After installation, you can verify Statsmodels by running the following Python code:

Python 
mport statsmodels.api as sm
print("Statsmodels version:", sm.__version__)

Output:

Statsmodels version: 0.14.4

Installing Statsmodels in Linux

1. Using pip

Follow the below steps to install statsmodels in Python on Linux using pip:

$ python3 -m venv StatsM
$ source ./StatsM/bin/activate
$ pip install statsmodels

stats-pip

Hence, installation is successful.

2. Using conda

Step 1: Install Miniconda

Create a directory and download Miniconda:

mkdir -p ~/miniconda3
wget https://repo.anaconda.com/miniconda/Miniconda3-latest-Linux-x86_64.sh -O ~/miniconda3/miniconda.sh

miniconda

Run the installer to install Miniconda and remove the installer script:

bash ~/miniconda3/miniconda.sh -b -u -p ~/miniconda3
rm ~/miniconda3/miniconda.sh

image-2

Step 2: Activate Conda Environment

source ~/miniconda3/bin/activate

image-3

Note: The (base) prompt shows that the Conda environment is active. All Python commands will now use Conda’s installed Python and packages.

Step 3: Check Conda Environments

conda info --envs

image-4

Step 3: Install Statsmodels 

conda install -c conda-forge statsmodels

statsmodel

This will display the installed version of Statsmodels, confirming that the installation was successful.

Step 4: Verify the Installation

import statsmodels.api as sm
print(sm.__version__)

version
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