Installing R Software on Your Computer

R is one of the leading programming languages used in the financial industry where professionals have applied and used R in various areas such as analyzing financial data, building and evaluate statistical models, constructing optimized portfolios, credit risk modelling and more. R has become a tool of choice for financial professionals in their everyday data analysis needs. As the importance of analytics and data science continues to grow in the financial sector, every finance professional will boost their career by having R programming skills in their arsenal.

In this course, we will start with the basics of R programming starting with how to setup the tools to work with r programming. Then we will learn the basic concepts in R programming, starting from variables and basic operations, and then moving on to handling data structures such as vectors, matrices, data frames and lists.

Installing R

You can install R on any computer whether it is running Windows, Mac or Linux.

Step 1: Download Software

Download the R software by visiting the Comprehensive R Archive Network (CRAN) at this URL:

https://cran.r-project.org/

Make sure that you download the file relevant for your operating system:

Download R for Windows

1. Under “Download and Install R”, click on the “Windows” link.
2. Under “Subdirectories”, click on the “base” link.
3. On the next page, you should see a link saying something like “Download R 3.3.2 for Windows” (or R X.X.X, where X.X.X gives the version of R, eg. R 3.3.2). Click on this link.
4. You may be asked if you want to save or run a file “R-3.3.2-win.exe”. Choose “Save” and save the file on the Desktop.

Download R for Mac

1. Under “Download and Install R”, click on the “Mac” link.
2. On the next page, under filesyou should see a link saying something like “R-3.3.2.pkg” (or R X.X.X, where X.X.X gives the version of R, eg. R 3.3.2). Click on this link.