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SPSS vs PSPP

Both 'SPSS' and 'PSPP' are correct acronyms related to statistical software. 'SPSS' stands for 'Statistical Package for the Social Sciences' and is a widely used software in the field of statistics. 'PSPP' stands for 'GNU PSPP' and is a free alternative to SPSS. The choice between the two depends on the specific software being referred to.

Last updated: March 29, 2024 • 761 views

SPSS

This is a correct acronym for 'Statistical Package for the Social Sciences'.

Use 'SPSS' when referring to the commercial statistical software commonly used in social sciences research.

Examples:

  • I analyzed the data using SPSS software.
  • Analyze statistical data with a free alternative to SPSS
  • Command of quantitative tools (such as Stata, SPSS, Mathematica, Mathlab or equivalent software).
  • Good knowledge of statistics and quantitative research methods (including use of SPSS) would be an asset.
  • If you re-elect me, one of my main priorities will be to make the SPSS a practical resource for training, for support, for information.

Alternatives:

  • Statistical Package for the Social Sciences

PSPP

This is a correct acronym for 'GNU PSPP', a free alternative to SPSS.

Use 'PSPP' when referring to the free software that aims to be a replacement for SPSS.

Examples:

  • I prefer using PSPP for my statistical analysis.
  • Eurosystem central banks shall apply a specialisation scheme for the allocation of marketable debt securities to be purchased under the PSPP.
  • In addition, eligible marketable debt instruments issued by public undertakings should be subject to limits, consistent with those applied to purchases under the PSPP.
  • The Eurosystem shall publish on a weekly basis the aggregate book value of the securities held under the PSPP in the commentary of its consolidated weekly financial statement.
  • Under the PSPP the NCBs, in proportions reflecting their respective shares in the ECB's capital key, and the ECB may purchase outright eligible marketable debt securities from eligible counterparties on the secondary markets.
  • All marketable debt securities eligible for purchase under the PSPP and which have the remaining maturities specified in Article 3 shall be subject to an aggregate limit, after consolidating holdings in all of the portfolios of the Eurosystem central banks, of:
  • By establishing the PSPP, the Governing Council expanded the existing asset purchase programmes to include public sector securities.
  • This initial limit was to be reviewed by the Governing Council after the first six months of implementation of the PSPP.
  • The following shall be eligible counterparties for the PSPP:
  • In order to facilitate smooth implementation, marketable debt instruments with a remaining maturity of 30 years and 364 days shall be eligible under the PSPP.
  • The Eurosystem shall publish on a monthly basis the weighted average residual maturity by issuer residence, separating international organisations and multilateral development banks from other issuers, of its PSPP holdings.
  • is not an eligible issuer for the PSPP.
  • Public sector corporate bonds shall be dealt with in a manner consistent with their treatment under the PSPP.
  • The book value of securities held under the PSPP shall be published on the ECB's website under the open market operations section on a weekly basis.
  • More specifically, in order to achieve the PSPP's objectives, the liquidity provided to the market through the combined monthly purchases under the APP should be increased to EUR 80 billion.
  • Provision needs to be made for the interim distribution of the ECB's income from the PSPP in Decision (EU) 2015/298 of the European Central Bank (ECB/2014/57) [2].
  • The NCBs' share of the total book value of purchases of marketable debt securities eligible under PSPP shall be 92 %, and the remaining 8 % shall be purchased by the ECB.
  • The PSPP contains a number of safeguards to ensure that the envisaged purchases will be proportionate to its aims, and that the related financial risks have been duly taken into account in its design and will be contained through risk management.
  • 'recognised agency' means an entity that the Eurosystem has classified as such for the purpose of the PSPP;
  • Thanks to its portfolio re-balancing effect, the sizable purchase volume of the PSPP will contribute to achieving the underlying monetary policy objective of inducing financial intermediaries to increase their provision of liquidity to the interbank market and credit to the euro area economy.
  • The new threshold was determined in order to ensure that the envisaged purchases will continue to be proportionate to the aims of the PSPP, also considering that the risk of obstructing orderly debt restructurings is limited.

Alternatives:

  • GNU PSPP

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