Applied Econometrics with R

Applied Econometrics With R

by Christian Kleiber , Achim Zeileis
3.71 of 5 Votes: 4
ISBN
0387773185
Pages
222 Pages
Published
Springer Science & Business Media , 10.12.2008
Publisher
Springer Science & Business Media
R is a language and environment for data analysis and graphics. It may be considered an implementation of S, an award-winning language initially - veloped at Bell Laboratories since the late 1970s. The R project was initiated by Robert Gentleman and Ross Ihaka at the University of Auckland, New Zealand, in the early 1990s, and has been developed by an international team since mid-1997. Historically, econometricians have favored other computing environments, some of which have fallen by the wayside, and also a variety of packages with canned routines. We believe that R has great potential in econometrics, both for research and for teaching. There are at least three reasons for this: (1) R is mostly platform independent and runs on Microsoft Windows, the Mac family of operating systems, and various ?avors of Unix/Linux, and also on some more exotic platforms. (2) R is free software that can be downloaded and installed at no cost from a family of mirror sites around the globe, the Comprehensive R Archive Network (CRAN); hence students can easily install it on their own machines. (3) R is open-source software, so that the full source code is available and can be inspected to understand what it really does, learn from it, and modify and extend it. We also like to think that platform independence and the open-source philosophy make R an ideal environment for reproducible econometric research.

CHRISTIAN KLEIBER, PhD, is assistant professor in the Department of Statistics at the University of Dortmund in Germany.

SAMUEL KOTZ, PhD, honorary Doctor of Science, is professor and research scholar at the Department of Engineering Management and Systems Engineering at George Washington University in Washington, D.C.