diff --git a/requirements-min.txt b/requirements-min.txt
index 1b137071..e672bcd2 100644
--- a/requirements-min.txt
+++ b/requirements-min.txt
@@ -1,7 +1,7 @@
 matplotlib==3.5.3
 numpy==1.22.4
 pandas==1.3
-statsmodels==0.12.2
+statsmodels==0.13.5
 scipy==1.8.1
 h5py==3.7.0
 plotly==4.0.0
diff --git a/setup.py b/setup.py
index 83e481c8..ec1c975d 100755
--- a/setup.py
+++ b/setup.py
@@ -44,7 +44,7 @@
     "matplotlib >= 3.5.3",
     "numpy >= 1.22.4",
     "pandas >= 1.3.0",
-    "statsmodels >= 0.12.2",
+    "statsmodels >= 0.13.5",
     "scipy >= 1.8.1",
     "h5py >= 3.7.0",
     "plotly>=4.0.0",