eviews vs. stata

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mikela
Posts: 14
Joined: Tue Jan 11, 2011 8:24 am

eviews vs. stata

Postby mikela » Tue Aug 02, 2011 8:31 am

dear all,
i have a general question regarding the usage and advantages of eviews vs. stata.
I work in the research department of a financial institution and I've been asked by my boss to write a memo summarizing the features of each software in order to reach a decision as to whether we should keep eviews or move to stata.
My personal preference is for eviews, my mind is more time-series prone, i've been using eviews for ever and of course i find it easier because of this. I tried stata e few times and i hated it. I find Stata much more "delicate" in terms of files it can import data from, and the way the file has to be structured, the handling of missing values, and even performance seems to me, to be worse. Besides, i seem to remember Stata can't handle business-daily (maybe now it can).
These are the main flaws i can recall from using stata, now if you have any opinions on the following i would be glad to hear them and maybe i can use them in the document i'm trying to write!

1) is there anything in Stata that cannot be replicated in eviews?
2) what's the market share of eviews vs stata?

many thanks in advance, and i apologize if i chose the wrong thread for this discussion,

Mikela

firevenus
Posts: 1
Joined: Thu Aug 25, 2011 12:10 am

Re: eviews vs. stata

Postby firevenus » Thu Aug 25, 2011 12:24 am

As you said, Eviews is designed for time series at the first place. However, Stata is also a solid software once you master it. For the first question, I can only tell you that there are always some things this software can do but not others, vice versa. For the second question, I think it depends on how you define the market scale. If it focused on time series, I think Eviews has more shares.
My advice is to do some research about what kind of data your firm always deal with. If it is panel data or cross-section data, I recommend stata. Meanwhile, I suggest you pay attention to the transfer cost, that is to say, if staff are all using eviews and other software is only portable for eviews, it costs when you are transferring to stata. Maybe you have to train your employees and redesign other software.


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