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As a programming language Python would be more suitable, 'cos it's more generic. When it comes to Econometrics or any other statistical analysis, you would pro
by sidmitra 17y ago
As a programming language Python would be more suitable, 'cos it's more generic.
When it comes to Econometrics or any other statistical analysis, you would probably call built-in/library/module functions to calculate things like Gini, Theil.
Most of these functions are available for python or even R. So you can learn the basic syntax for both, and figure out what is the best way to do what you need, as you go along.