The Better Policy Project

R is a programming language that is used extensively by statisticians and has a rapidly growing number of users that are econometricians. R with its integrated development environment (IDE) - RStudio - is a powerful tool for economists and researchers in conducting data collection, statistical analysis, economic research, web scraping, reporting and visualization. R with RStudio lets users put Shiny web applications and interactive documents online in the way that works best for them. For example, R Shiny allows programmers to turn their programs into dynamic WEB applications that can run their programs based on user-chosen parameters.

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It is important to develop cost-effective on-line training so that it can be available to all central banks and other institutions.

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Unique 5-day on-line course that guides participants from the basics of R to becoming skilled users. Unlike other courses which only provide general knowledge of R, this course is result-oriented and designed for central bank economists and research assistants. By the end of the course participants will have a powerful framework that they can use for database management, visualization, reporting, estimation, near-term forecasting, etc.).

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​Don't worry! We will find a suitable time of the day for you. Participants will be divided into groups by their time zones.

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Requirements:

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• R (Version 4.0.3 or the latest ones up to 4.1.1)

• RStudio

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What will you learn?

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• Basics of  R.

• R packages and their functions.

• Uploading and organizing data.

• Data visualization.

• Creating tables, charts and reports.

• Regression analysis in R.

• R Markdown.

• R Shiny: Creating interactive web apps.

• Projects:

  • Project 1. Estimation of Consumption Functions in the US.

  • Project 2. Inflation and Inflation Expectations.

 

The outcomes from the course:

 

• A full package of code designed to upload, organize, plot and report data. The course is mainly based on United States data.

• Reporting technology.

• Certificate of completion.

• Further assistance (subject to discussion).