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Is R Necessary? (Generally Speaking)
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<blockquote data-quote="daleholborow" data-source="post: 260782" data-attributes="member: 1266"><p>@smcarter generally speaking, "it depends", if you can code, I think for the next couple years at least you'll still seem like a bit of a guru in many settings, but increasingly, it will be expected (I believe). R is sufficiently different to python, with a subtle but significantly different target application, that it's work at least throwing a little time into (IMHO) but that said, I think it's probably more niche and at a more specialized role level than python, within the finance scene. Eg my suspicion is that many finance workers will learn a bit of python, increasingly to supplement Excel/vba, whereas probably only those with a strong quant analyst slant will employ R.</p><p></p><p>In the words of my masters thesis supervisor (who had a PhD in stochastic calculus but is now a professor in finance) "too much stats, is never enough"... So don't neglect that either.</p></blockquote><p></p>
[QUOTE="daleholborow, post: 260782, member: 1266"] @smcarter generally speaking, "it depends", if you can code, I think for the next couple years at least you'll still seem like a bit of a guru in many settings, but increasingly, it will be expected (I believe). R is sufficiently different to python, with a subtle but significantly different target application, that it's work at least throwing a little time into (IMHO) but that said, I think it's probably more niche and at a more specialized role level than python, within the finance scene. Eg my suspicion is that many finance workers will learn a bit of python, increasingly to supplement Excel/vba, whereas probably only those with a strong quant analyst slant will employ R. In the words of my masters thesis supervisor (who had a PhD in stochastic calculus but is now a professor in finance) "too much stats, is never enough"... So don't neglect that either. [/QUOTE]
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Is R Necessary? (Generally Speaking)
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