diff --git a/CHANGELOG b/CHANGELOG
index 10faf4b..65e031a 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -5,6 +5,7 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 ## [v2.1.1]
 ### Fixed:
+ - [regDaniel, 2024-09-19] Require statsmodels >= v0.14.3, where incompatibility with scipy is fixed
  - [regDaniel, 2024-09-04] Inconsitencies in contribution guidelines, authorship declaration and citation file.
 
 ## [v2.1.0]
diff --git a/setup.py b/setup.py
index e196bba..a68ab90 100644
--- a/setup.py
+++ b/setup.py
@@ -46,8 +46,8 @@
         "matplotlib >= 3.7.2",
         "numpy >= 1.20.3",
         "scikit-learn >= 1.2.0",
-        "scipy >= 1.7.3, < 1.14.1", # avoid conflict with statsmodels 0.14.1
-        "statsmodels",
+        "scipy >= 1.7.3",
+        "statsmodels >= 0.14.3",
         "pandas >= 1.5",
         "pyyaml",
         "ruamel.yaml"