tidycf: Turning analysis on its head by turning cashflows on their sides

tidycf: Turning analysis on its head by turning cashflows on their sides

February 26, 2018

Statistical computing has revolutionized predictive modeling, but financial modeling lags in innovation. At Capital One, valuations analysis required legacy SAS platforms, obscure data lineage, and cumbersome Excel cashflow statements. In this talk, we describe how we developed the tidycf R package to reinvent this process as a seamless, end-to-end workflow.

Reimagining cashflow statements as tidy data facilitates a simple, efficient, and transparent workflow while incorporating more statistically rigorous methods. We leverage the full power of R and RStudio – building on top of the Tidyverse; reducing complex crunching, wrangling, and visualization to pipeable functions; guiding analysis and documentation with RMarkdown templates; and incorporating features of the latest development version IDE. Altogether, this delivers a good user experience without the overheard of maintaining a custom GUI.

The resulting package goes beyond “getting stuff done”. tidycf also increases quality, reproducibility, and creativity of analysis; ensures consistency and knowledge transfer; reduces the burdens of documentation and regulation; and speeds innovation and time-to-market – all while guiding less-technical analysts through an immersive crash course to R and the Tidyverse.

We will share best practices and lessons learned from our experience designing a tidy package, incorporating RStudio features, and evangelizing R through user-onboarding.

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About the speaker

Emily Riederer

Emily Riederer is an Analytics Manager at Capital One. Emily leads a team that is focused on building internal analytical tools and data products, including a suite of R packages and Shiny apps, and cultivating an innersource community of practice for analysts. Emily is an active member of the R community. In 2019, she co-organized satRday Chicago and the Chicago R unconference. You can find her {projmgr} R package on CRAN and her blog at emilyriederer.netlify.com. Previously, Emily earned degrees in Mathematics and Statistics at UNC Chapel Hill and worked as a research assistant in emergency department simulation and optimization.