I am trying to compute the monthly average from daily data for each group within the data. In this example, there are 3 groups each with daily observations from 2011-01-01 to 2011-03-31
times <- c(31,28,31)
date = rep(seq(as.Date('2011-01-01'),as.Date('2011-03-31'),by = 1),
       times=3)
id = rep(rep(1001:1003, times), each=3)
val = rnorm(length(id), mean=5, sd=2)
df <- data.frame(date, id, val)
> head(df)
  date   id      val
1 2011-01-01 1001 6.341471
2 2011-01-02 1001 4.353585
3 2011-01-03 1001 8.131239
4 2011-01-04 1001 3.761434
5 2011-01-05 1001 6.344846
6 2011-01-06 1001 7.068889   
> tail(df)
      date   id      val
265 2011-03-26 1003 5.644132
266 2011-03-27 1003 4.949719
267 2011-03-28 1003 4.490786
268 2011-03-29 1003 1.739529
269 2011-03-30 1003 2.250610
270 2011-03-31 1003 1.853057
The desired output should be something like this with the computed monthly values:
monthYear  id    monthlyValue
2011-01    1001  ?
2011-02    1001  ?
2011-03    1001  ?
....       ....  ..
2011-01    1003  ?
2011-02    1003  ?
2011-03    1003  ?
 
    