Université du Québec à MontréalMontréal, Québec, Canada
Amsterdam School of Economics, Universiteit van AmsterdamAmsterdam, Netherlands
1.1 R for Actuarial Science?
As claimed on the CRAN website, http://cran.r-project.org/, R is an “open source software package, licensed under the GNU General Public License” (the so-called GPL). This simply means that R can be installed for free on most desktop and server machines. This platform independence and the open-source philosophy make R an ideal environment for reproducible research.
Why should students or researchers in actuarial science, or actuaries, use R for computations? Of primary interest, as suggested by Daryl Pregibon, research scientist at ...