Monthly Archives: January 2017

Installing R for Linux (Ubuntu, Mint, Debian, Fedora)

R is an open source programming language and software environment for statistical computing and graphics that is supported by the R Foundation for Statistical Computing. It is widely used among statisticians and data miners for developing statistical software and data analysis. Polls, surveys of data miners, and studies of scholarly literature databases show that R’s popularity has increased substantially in …

Why there is a Demand for Money ?

There are three motives underlying the demand for money i.e. Transaction demand for money Speculative demand for money Precautionary demand for money Transaction demand  Transaction demand for money means that money is demanded to carry out certain transactions. It is likely to be positively related to income. This is simply because higher the income of an economic agent, higher is …