October 30, 2019 by economicshelpdesk
What is R Programming?
R is a programming language and free software environment for statistical computing and graphics, developed by Ross Ihaka and Robert Gentleman in 1993. The R language is widely used among data miners and statisticians for developing statistical software and data analysis.
It includes machine learning algorithms, linear regression, time series, statistical inference to name a few. Most of the libraries are written in R, but for the heavy computational task, C codes are preferred. R is not only preferred by academics, but many large companies also use R programming language, including Facebook, Google Uber and so on.
Data analysis with R is done in a sequence of steps;
Program: R is a clear and accessible programming tool.
Transform: R is made up of a collection of libraries specially designed for data science.
Discover: This involves investigation of the data, refine your hypothesis and analyze them.
Model: R provides a wide range of tools to conquer the right model for your data.
Communicate: Integrate codes, graphs, and outputs to a report with R markdown or create shiny apps to share with the world.
R is used for Statistical inference, data analysis, and machine learning algorithms. It is used in the healthcare industry and academics.
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Detail analysis like clustering, correlation, and data reduction are done with R.
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October 14, 2019 by economicshelpdesk
What Is Economics?
Economics is a field that deals with the usage of limited resources by societies which is used to produce valuable goods and distribute them among a pool of people.
The study of individual decisions is referred to as Microeconomics and the study of the economy as a whole is called Macroeconomics. Microeconomics is limited to family’s medical debt, whereas Macroeconomics covers a large area of sovereign debt.
Several fields within economics significantly exist today. The students can make their own decisions to opt for the field of their choice, but they must know the background of their chosen field and how that field is likely to serve them. Energy Economics is one of the major fields, which includes topics related to supply and use of energy in societies. Energy economics does not portray itself as a self-contained academic discipline, but it is an applied sub discipline of economics.
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September 12, 2019 by economicshelpdesk
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August 28, 2019 by economicshelpdesk
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August 21, 2019 by economicshelpdesk
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July 23, 2019 by economicshelpdesk
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July 16, 2019 by economicshelpdesk
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