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Financial Analytics

The document is a submission by Abdullah Amin to Dr. Jaleel Malik for the subject of Financial Analytics. It answers four questions in detail: 1. What is R? R is a free and open-source programming language used for statistical computing and graphics created in the 1990s. It provides statistical techniques, data manipulation tools, and visualization capabilities. 2. Why R? Key reasons for using R include that it is open-source and free, versatile, has a large community for support, allows for reproducible analyses, and can integrate with other software. 3. Why not R? Potential downsides include a steep learning curve, limited graphical user interface, performance issues for large data,

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Abdullah Amin
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118 views3 pages

Financial Analytics

The document is a submission by Abdullah Amin to Dr. Jaleel Malik for the subject of Financial Analytics. It answers four questions in detail: 1. What is R? R is a free and open-source programming language used for statistical computing and graphics created in the 1990s. It provides statistical techniques, data manipulation tools, and visualization capabilities. 2. Why R? Key reasons for using R include that it is open-source and free, versatile, has a large community for support, allows for reproducible analyses, and can integrate with other software. 3. Why not R? Potential downsides include a steep learning curve, limited graphical user interface, performance issues for large data,

Uploaded by

Abdullah Amin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Name: Abdullah Amin Reg: MAF223002 Submitted to: Dr Jaleel Malik

Subject: Financial analytics Semester: 2nd Date: 27th March 2023

Explain the following in detail.


1-What is R?
Answer:
R is a free and open-source programming language and software environment used for statistical
computing and graphics. It was created by Ross Ihaka and Robert Gentleman at the University of
Auckland, New Zealand, in the mid-1990s.
R provides a wide range of statistical and graphical techniques, including linear and nonlinear
modeling, classical statistical tests, time-series analysis, classification, clustering, and graphical
data representation. It also offers a range of tools for data manipulation, calculation, and
visualization.
R is widely used in academia, research, and industry for data analysis and visualization, and is
popular among data scientists, statisticians, and analysts. It has a large and active community of
users and developers who contribute to its growth and development. R is available for Windows,
macOS, and Linux operating systems.

2-Why R?
Answer:
There are several reasons why someone might choose to use R software for statistical computing
and data analysis:
1. Open-source and free: R is an open-source software, which means it is free to download,
use, and modify. It is also maintained by a large community of developers and users who
continuously contribute to its growth and development.
2. Versatility: R provides a wide range of statistical and graphical techniques for data
analysis and visualization. It also offers a range of tools for data manipulation,
calculation, and visualization.
3. Large community: R has a large and active community of users and developers who
contribute to its growth and development. This means there are many resources available
for learning and troubleshooting.
4. Reproducibility: R allows users to create reproducible code and analyses, which means
that others can reproduce the same results using the same code and data.
5. Integration: R can easily integrate with other programming languages, software, and
databases, making it a flexible tool for data analysis and manipulation.
Overall, R software is a powerful and versatile tool for statistical computing and data analysis,
with a large and active community of users and developers who contribute to its growth and
development.
Name: Abdullah Amin Reg: MAF223002 Submitted to: Dr Jaleel Malik
Subject: Financial analytics Semester: 2nd Date: 27th March 2023

3-Why not R?
Answer:
There could be several reasons why someone might choose not to use R software for statistical
computing and data analysis. Here are a few possible reasons:
1. Steep learning curve: R can have a steep learning curve, especially for those who are not
familiar with programming. It requires some knowledge of programming concepts, and
the syntax can be challenging to learn.
2. Limited graphical user interface (GUI): R has a limited graphical user interface compared
to other software like SPSS or SAS, which may make it less user-friendly for some users.
3. Performance issues: Depending on the size of the dataset, R may not be the fastest
software for data analysis and manipulation. For very large datasets, other software like
Python or SQL may be more suitable.
4. Lack of support: While R has a large community of users and developers, some users
may find it difficult to get support for specific issues they encounter while using the
software.
5. Lack of compatibility: R may not be compatible with certain databases or data formats,
which could make it challenging to work with some data sources.
Overall, R software has its strengths and weaknesses, and whether someone chooses to use it for
statistical computing and data analysis depends on their specific needs, expertise, and
preferences.

4-When R?
Answer:
R software is used for statistical computing and data analysis in a variety of industries and fields,
including but not limited to:
1. Academia: R is widely used in academia for research and teaching in fields such as
statistics, social sciences, economics, and ecology.
2. Business: R is used in business for data analysis, forecasting, and modeling. It is
particularly popular in the finance and marketing industries.
3. Healthcare: R is used in healthcare for data analysis and modeling, particularly in
epidemiology, biostatistics, and genomics.
4. Government: R is used in government agencies for data analysis and visualization,
particularly in the areas of social and economic policy.
5. Technology: R is used in technology companies for data analysis and machine learning
applications, particularly in the areas of natural language processing, computer vision,
and predictive modeling.
Overall, R software is used wherever there is a need for statistical computing and data analysis.
Its versatility and flexibility make it a popular tool in many industries and fields.
Name: Abdullah Amin Reg: MAF223002 Submitted to: Dr Jaleel Malik
Subject: Financial analytics Semester: 2nd Date: 27th March 2023

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