From the course: Algorithmic Trading and Finance Models with Python, R, and Stata Essential Training (2019)
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One software option: Stata
From the course: Algorithmic Trading and Finance Models with Python, R, and Stata Essential Training (2019)
One software option: Stata
- [Instructor] Another software program I don't want to talk about is Stata or Stata. It can be said either way depending on who you're talking to. But Stata is simple a combination of a statistics and a data analysis package, hence the name. Now, I'm in Stata right now. The nice thing about Stata is that while it's not free like R or Python, Stata doesn't cost very much. You can get a perpetual license for 100, 200 bucks depending on which version you're talking about, things like that. So it's not exactly an expensive program to use but it is very powerful and has a variety of great features and third party add-ons that can really make the package a lot more useful to you. Once you've installed Stata you can open it up and you'll see the window in front of you. Now, just like R, Stata is really kind of a step up from Python. When you're in Python you're sort of on your own. It's true computer coding in some sense. Not quite at the binary level but there's not a lot of user-friendly…
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