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Pointing to http://www.octave.org is good, because that gives people a direct way to find out more. If citation of a URL is not allowed by a publisher, or if you also want to point to a traditional reference, then you can cite the Octave manual:
@BOOK{eaton:2002,
author = "John W. Eaton",
title = "GNU Octave Manual",
publisher = "Network Theory Limited",
year = "2002",
isbn = "0-9541617-2-6"
}