Charles Stam has worked in the field of public policy and is well-versed in providing analyses for economic forecasting. Stata is one of the software applications on which Charles Stam relies for data compilation.
Stata software provides users with a wide range of techniques for compiling data and producing graphs. Each version of Stata is fast and user-friendly, and its users do not have to be statistical experts.
Mac-, UNIX-, and Windows-compatible, the standard Stata package is referred to as Stata/IC (Intercooled Stata). This version of the program can manage as many as 2,047 variables for analytical purposes.
Additionally, a special edition of Stata is available that is equipped to handle 32,766 variables. Stata/MP is yet another package that has the same limits as Stata/SE, but is designed to run on multicore and multiprocessor computers.
The tools that are available on Stata allow decision-makers to list, record, review, and evaluate data continually. Therefore, statistical information can be discussed, revised, and updated as needed. Regardless of the version, Stata promises to assist policymakers or executives in making better decisions related to economic forecasting or business growth.