Let’s consider the usual linear regression model, with the full set of assumptions: y = Xβ + ε ; ε ~ N , (1)where X is a non-random (n × k) matrix with full column rank.Recall that, under our usual set of assumptions...

In this post on his blog some months ago, Ethan Fosse drew attention to Anthony Damico's collection of over 90 videos on using the R software environment.Definitely worth looking at!© 2012, David E. Giles

Forecasting: Principles and Practice is the title of a new book by Rob Hyndman and George Athanasopoulos.As Rob says on his webpage:"The book is different from other forecasting textbooks in several ways. It is free and online, making it accessible to a wide audience. It is based around the forecast package for R. It...

R will overtake SAS and SPSS in 2015 - according to David Smith in his post on the Revolutions blog.I can believe that!© 2012, David E. Giles

Some of us learn easily from the written word, but for most of us some visualization speeds up the process and generally helps with retention as well. With that in mind I was delighted to see this nice list of free videos that demonstrate the use of R, posted on Ethan Fosse's blog, "Culture, Statistics, and...

What the title of this post is supposed to mean is: "Estimating a simple aggregate consumption function using Bayesian regression analysis".In a recent post I mentioned my long-standing interest in Bayesian Econometrics. When I teach this material I usually include a simple application that involves estimating a consumption function using U.S. time-series data. I used to have...

If, like me, you're still an R novice, you'll no doubt find this post on Pairach Piboonrungroj's blog extremely helpful. Among other things, Pairach provides links to 20 40 "R tutorials". It's a really nice resource!H.T. to David Smith for posting about this on the Revolutions blog.© 2012, David E. Giles

A few days ago, Andrew Barr had a great post on his blog. It was titled, "R is not just for nerds....it has drop-down menus!" You can bet that this one caught my eye when it was re-posted on R-Bloggers.Briefly, Andrew takes us through the installation and basic use of the Java Gui for R (JGR) in...

No matter what your favourite statistical package is, you'll find this post by Robert Muenchen highly informative.Robert concludes that:"By most of the measures discussed here, R is competing well with the commercial software vendors. However, I advise not over generalizing from this data. SAS and SPSS continue to dominate the corporate world and Stata is doing quite...

Yesterday, Haydn Shaughnnessy wrote a piece for Forbes titled, Who are the Top 20 Influencers in Big Data?Fans of R will be delighted to see David Smith of Revolution Analytics up there at number 2!Congratulations!© 2012, David E. Giles