Using SAS High-Performance Forecasting Software

Duration: 2.0 days

Audience

This Level III course is designed for professional forecasters and business analysts who need to produce forecasts for large numbers of time series.

Course Description

This course enables you to make accurate forecasts quickly and automatically, giving you the power to confidently plan your business operations. This course focuses on the following areas: creating programs that provide forecasts as output files or SAS data sets and structuring the programs and output so that they can be incorporated into a corporate forecasting system; assessing forecast performance and making decisions about the adequacy of initial forecasts, as well as the adequacy of forecasts that are being dynamically produced; and manually overseeing forecasting or devising automated strategies to determine when a forecast model should be updated.

Prerequisites

Before attending this course, you should

• have experience with a Windows computing environment
• have experience using a product such as Microsoft Excel to enter or transfer data and to perform elementary analyses such as computing row and column totals and averages and producing charts and plots
• have taken SAS Programming I: Essentials or have equivalent experience.

The ideal student should have a Bachelor's degree or equivalent experience in business, computer science, or a subject matter field that includes quantitative analysis. Forecasting experience is not required.

Course Contents

The Forecasting Process

• challenge of the large-scale forecasting problem
• introduction to time series forecasting
• processing time-stamped data
• design of the high-performance forecasting system
• forecasting the consumer electronics retail data

Forecasting with SAS High-Performance Forecasting Software

• forecast models
• diagnosing and selecting models automatically
• specifying custom models
• accommodating calendar events and external factors
• producing, assessing, and modifying forecasts

Software Addressed

This course addresses the following software product(s): SAS/STAT, SAS/ETS. This course addresses SAS 9.1.3 with Service Pack 3.

Share Your Thoughts

Are there additional topics you'd like for this course to address? Would you like for this course to be offered at another training facility? Let us know by adding to our Interest List.

This page was created using SAS software.