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Forecasting Using SAS(R) Forecast Server Software

Course Details
Code: FST42
Tuition (USD): $1,600.00 • Classroom (2 days)

This course prepares you to generate large volumes of forecasts automatically using the SAS Forecast Studio interactive interface. This course includes practice data and exercises.

This course supports both the desktop and client/server versions. Additional topics for students that license the client/server version of SAS Forecast Studio include producing reports using sample stored processes and a demonstration of SAS Time Series Studio.

The self-study e-learning includes:

  • Annotatable course notes in PDF format.
  • Virtual Lab time to practice.

Skills Gained

  • automatically create and fit custom forecast models to large-scale time series data sets
  • identify series that do not have acceptable forecast accuracy
  • refine forecast models to improve forecast accuracy
  • reconcile hierarchical forecasts
  • generate forecast data sets for deployment
  • accommodate data updates in large-scale time series data sets.

Who Can Benefit

  • Forecasters and analysts in any industry, including retail, financial services, manufacturing, and pharmaceuticals

Prerequisites

  • Before attending this course, you should
  • be familiar with business forecasting problems
  • 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 totals, column totals, and averages, and producing charts and plots.

Course Details

Introduction to SAS Forecast Studio

Forecasting Using the Default Functionality in SAS Forecast Studio

  • creating a SAS Forecast Studio project
  • accuracy statistics and forecast model selection
  • families of models supported and functionality issues
  • scenario analysis

Hierarchical Forecasting

  • hierarchical forecasting
  • statistical forecast reconciliation
  • accumulation and aggregation options
  • reconciliation effects
  • manual overrides to reconciled forecasts

Model Refinement One Series at a Time

  • custom models: generated and pre-specified
  • event variables

Generating Best Forecasts in Hierarchically Arranged Data

  • honest assessment
  • outlier variables and other model inputs
  • creating and using event variables based on calendar effects
  • generated data sets
  • accommodating data updates

Project Monitoring and Selected Topics

  • tools for project maintenance and management
  • alternative assessment approaches
  • combined model forecasts

Producing Reports

  • using stored processes to produce reports
  • discussing sample stored processes that are provided with the client/server version of SAS Forecast Server

SAS Time Series Studio

  • using SAS Time Series Studio to aid in the data creation process