From the course: Algorithmic Trading and Finance Models with Python, R, and Stata Essential Training (2019)
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One software option: R
From the course: Algorithmic Trading and Finance Models with Python, R, and Stata Essential Training (2019)
One software option: R
- [Instructor] Another great tool to use with financial analysis and algorithmic trading is R. Just like Python, R is widely used across the finance industry. Like Python, R is free. There's a variety of third-party tools and packages that have been built for it. Unlike Python, though, R takes a step in the direction of being just a little bit more user-friendly in some respects. When you open up Python, you're truly coding and on your own. With R, you are also coding, but they tend to have a few more features and add-ins. Let me show you what I'm talking about. Now, I'm in the Anaconda Navigator. One of the nice features about Anaconda Navigator, of course, is that it's a variety of programs, including RStudio, so we can use that in exactly the same way that we use JupyterLab and Jupyter Notebook. So, I'm going to go ahead and launch the RStudio. If this is the first time you've used RStudio in Anaconda Navigator, you'll likely have to install it, and that'll take a few minutes. Come…
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