Practical Aspects of R in Finance, Management Information, and Decision Sciences

12 Pages Posted: 12 Dec 2017

See all articles by David E. Allen

David E. Allen

School of Mathematics and Statistics, The University of Sydney; Financial Research Network (FIRN); Department of Finance; School of Business and Law, Edith Cowan University

Date Written: December 8, 2017

Abstract

The environment and programming language R is reviewed and its capabilities, attractiveness, and limitations are assessed, with reference to its continuing potential use and application in finance, management information, and decision sciences. A brief review of the top packages and programmers, reveals further information about the relative strengths and weaknesses of R. Its adoption by major technology companies such as Microsoft and their augmentation of the core R library seems likely to further promote its future growth and popularity.

Keywords: R, open-source, S, Cran views

JEL Classification: G00, C00

Suggested Citation

Allen, David Edmund, Practical Aspects of R in Finance, Management Information, and Decision Sciences (December 8, 2017). Available at SSRN: https://ssrn.com/abstract=3085054 or http://dx.doi.org/10.2139/ssrn.3085054

David Edmund Allen (Contact Author)

School of Mathematics and Statistics, The University of Sydney ( email )

School of Mathematics and Statistics F07
University of Sydney
Sydney, New South Wales 2006
Australia

HOME PAGE: http://www.maths.usyd.edu.au

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Department of Finance ( email )

Taiwan
Taiwan

School of Business and Law, Edith Cowan University

100 Joondalup Drive
Joondalup, WA 6027
Australia

HOME PAGE: http://www.dallenwapty.com

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