Stata's new lasso tools let you extract real features from mountains of data. With those features, you can do the following:
Stata gives you the tools to be sure you are finding real features and not just artifacts in a particular sample.
Lasso has so many uses. It has roots in:
This is to say, it has established capabilities in real-world applications, the rigor of known statistical properties, and the promise of yet more applications.
You can use it on smaller datasets too.