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How to replicate SAS by group processing in R

On Wed, Oct 10, 2012 at 7:09 PM, ramoss <ramine.mossadegh at finra.org> wrote:

            
First, replicate it in some kind of universally understood language -
like English. Nearly every alien in every sci-fi film I've seen speaks
English, so that's a safe assumption :)

 What does it do? Take the first record within groups defined by
tdate? Why does your code say 'expire' but the data have 'expiration'?

Barry
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