This book was written under the assumption that its readers have the following knowledge and skills:
- Basic knowledge of statistics or econometrics, which includes topics such as regression modeling, hypothesis testing, normal distribution, and so on
- Experience with R, or another programming language
You will need to have R installed (https://cran.r-project.org/) and it is recommended to install the RStudio IDE (https://www.rstudio.com/products/rstudio/).