With the current grobal trends, we can say that data is the new gold as far as business is concerned. With the tool we are able to manipulate any data to get the desired results. There is no statistical challenge that we are unable to sort with the tool.

Whats best with the tool is that its loaded with a breath of features. The features helps us in handling any statistical analysis and data visualization. Its a stand alone when its data processing. You are able to clean the data and process it without the need of a third party application.

For you to work with the tool, you will need a training on statistics and data handling. Other than that the tool is reliable and efficient.

Stata is a very good statistical software for people who are not familiar with coding, but are required to work with financial time series. It has all types of regressions is very comfortable to use. Also the last Stata update (Stata 16) supports Python, so you can write a Python code in Stata. This is a very comfortable for me as i am using both scrapping and financial time series analysis

First, Stata is super easy to use. (If you are not a programmer and coding is not your strongest skill, then Stata is a perfect match for you. You do not need to write a code in Stata in order to get the results. You can just use your mouse, find the right buttons, click them and get the results. Second, you can run basically all types of regressions in Stata. Third Stata is user friendly. It took you a while to get comfortable with it, but after 1-2 weeks of usage, you really start to love this statistical software

First of all it is price. Stata is very expensive and there are some softwares that let you to do almost the same things with the lower price or even free. Furthermore the graphics of Stata are not very beautiful, so I would never recommend you to use that graphs for your presentation

Disappointing, hard to build inertia on a project when troubleshooting errors is a tedious process. I've switched over, Stata is not competitive for business use.

Nothing really, Python and R are just light-years ahead. There is no real reason for me to use it anymore.

Improve error troubleshooting, python points you to where the problem lies, Stata makes you search blindly for answers (e.g. Missing values in b and/or V; check your specification (perfect colinearity)) Ok check where?

I would say that having worked with stata using different datasets have improved my econometrics understanding. It is a great choice for research.

Stata is a statistical analysis software which is fairly easy to use. I believe It is the 2nd best software (after R) for learning econometrics. It has both coding and drop down interfaces. Easy to learn and there are ample of notes on internet which can be used in the learning process. Fast and powerful enough to run econometric models (even runs tobit model, which R can not do. R returns infinite SE many times). Since it is a paid software, the results it provides are reliable and that is why it is widely used by econometricians for their research. Since most of the economists use stata, it has a network externality, i.e. people can understand the research methodology by going over stata codes.

The reason I think it is the 2nd best is that it is not cheap. Also, it offers different licenses. The basic license costs 200 usd (approx). But it can work with only 2048 variables. For mor variables, you have to buy stata SE, which can work with 32,767 variables. Since most of the advanced public datasets has more than 2048 variables, it is difficult to manage with IC. So, they basically force you to buy SE. They should increase the number of variables to at least 10000 for the IC version.

Excellent software which makes analysis easy to conduct, and easy to replicate. A bit expensive so non-experienced analysts may prefer other free or less expensive tools. I really enjoy learning everyday about new Stata functions and tools and I am actually thinking in starting online Stata Corp courses to get a proper and well-structured training.

- Easy to share do-files. - Keep learning each time I use it. - Professional and well recognized in the research community. - Regular updates, add-ons and new versions released with features for always more convenient use. - Rigorous statistical/analytical tools, also very adjustable to one's needs. - Help section is very helpful.

- Lack of free online courses available to improve even faster. - Cumbersome tabulations export from Stata to MS Excel for example. - Still expensive, but indeed worth the money.