A bird's-eye view of Bayesian software in 2021: opportunities for Stata?

Robert Grant
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Robert Grant: BayesCamp Ltd

London Stata Conference 2021 from Stata Users Group

Abstract: In this talk, I will review the range of current software that can be used for Bayesian analysis. By considering the features, interfaces and algorithms, the users and their backgrounds, the popular models and use cases, I will identify areas where Stata has a strategic or technical advantage, and where useful advances can be built into future versions or community-contributed commands, without excessive effort. Stata has developed Bayesian modelling within the framework of its own ado syntax, which has some strengths (for example, the bayes: prefix on familiar and tested commands) and some weaknesses (for example, the limitations to specifying a complex bespoke likelihood or prior). On the other hand, there are Stata components such as the SEM Builder GUI, which would potentially be very popular with beginners in Bayes if they were adapted. I will also examine the concept of a probabilistic programming language to specify a model in linked conditional formulas and probability distributions, and how it can work with Stata.

Date: 2021-09-12
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Persistent link: https://EconPapers.repec.org/RePEc:boc:usug21:10

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