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I really like the idea of doing Econometric work with R. Currently, I've been looking for a more hands on way to run some regressions and test data, this guide
by brandonkm 17y ago
I really like the idea of doing Econometric work with R. Currently, I've been looking for a more hands on way to run some regressions and test data, this guide looks to prove immensely useful.
- anigbrowl 17y agoOut of curiosity, why not something like Mathematica?
- lamnk 17y agoBecause Mathematica costs at least $2000+ and R is free software. That makes R more suitable for teaching purpose.
- amoeba 17y agoAlmost the only reason you'd need to use R. I cringe when professors ask their students to use non-free software when equivalent or better free alternative exist.
- schtono 17y agoI've had mainly 3 reasons to switch to R: (1) It's free (2) It has a huge repositoriy of libraries. There's hardly anything that you can't do with R. In my special case it was about hazard-rate models, which are barely implemented in other tools that I tried (namely EViews, SPSS) (3) It has a BIG community behind it, which you can ask for help once you're stuck. I haven't found this kind of "service" in other software (namely, again, EViews).