A Forbes article on the magnificence of R.
I played with R while modifying some scripts that do statistical analysis on past price data and create volume curves that in turn are used by VWAP/TWAP trading strategies. I would like to spend some more time with it. It’s a privilege that it is available at no cost.
R is very powerful when it comes to data analysis. Its biggest advantage is probably the great availability of statistical packages. I however also quite like the language structure. As a drawback I should note that it can not handle well recursions. But you always have to option to call C++ within R when needed (e.g. heavy numerical tasks) 😉
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