Working Papers 2001 – Abstracts
Using R to Teach Econometrics
Jeff Racine and Rob J Hyndman
R, an open-source programming environment for data analysis and graphics,
has in only a decade grown to become a de-facto standard for statistical
analysis against which many popular commercial programs may be measured.
The use of R for the teaching of econometric methods is appealing. It
provides cutting-edge statistical methods which are, by R's open-source
nature, available immediately. The software is stable, available at no
cost, and exists for a number of platforms, including various flavours
of Unix and Linux, Windows (9x/NT/2000), and the MacOS. Manuals are also
available for download at no cost, and there is extensive on-line information
for the novice user. This review focuses on using R for teaching econometrics.
Since R is an extremely powerful environment, this review should also
be of interest to researchers.
Keywords: Econometrics, Object-oriented, Open-source,
Statistical software, Teaching.
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