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CONTEMPORARY DATA SCIENCE FOR FINANCE STUDENTS. ESSENTIAL FEATURES OF COMMONLY USED STATISTICAL SOFTWARE - A COMPARATIVE STUDY
Authors: Mădălina Viorica ION (MANU), Ilie VASILE
Number of views: 135
This paper inventories some of the essential traits of the software preferred by researchers, students and
professors, such as R or RStudio, or Matlab and also their possible utilizations. In order to fill the gap in the
Romanian literature and help finance students in choosing proper tools according to the research purpose, this
comparative study aims at bringing a fresh, useful perspective in the relevant literature. In Romania, the use of R
was the focus of several international conferences on official statistics held in Bucharest, and others having
business excellence, innovation and sustainability as purpose. In this time, at global scale, R and Python
programming languages are considered the lingua franca of data science, as common statistical software used
both in corporations and academia. In this paper, I analyze basic features of such software, with the purpose of
application in finance.