WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 15, 2018

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 15, 2018


Risk Analysis in the Economics Through R Language

AUTHORS: Metodi Traykov, Miglena Trencheva, Elena Stavrova, Radoslav Mavrevski, Ivan Trenchev

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ABSTRACT: Usually the risk management leads to improved company. Many often are cases, big risk decisions are being made too low in organizations, with staff who don't stimulated to make the right decisions for the organization. The aim of our study is to demonstrate the effectiveness and benefits of good risk management. This article is based on the latest techniques for measuring and managing on risks in various sectors of business. Using the programming language R Language, we show effective way to evaluate and analysis risk. Apply the comparative analysis in the continuing quest to find and adapt better practices for management risk which leads to increased profits and competitiveness of firms. We showed а good and easy risk management using R Language, which can be useful for a happy and successful career.

KEYWORDS: Risk analysis, R Language, economics

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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 15, 2018, Art. #18, pp. 180-186


Copyright © 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0