Using R to Teach Econometrics.

Abstract

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. 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.Econometrics; Statistical software; Teaching