Scribd
Upload
47 views14 pages

Business Econometrics Using SAS Tools (BEST) : Class I - An Introduction To Econometrics, Analytics and SAS

This document provides an overview and introduction to a class on business econometrics using SAS tools. The class covers the basics of data management and econometric analysis in SAS, applying those techniques to business cases using real examples. It introduces concepts like statistics, analytics, big data, econometrics and the SAS Enterprise Guide software. The document outlines the class structure and provides guidance on SAS programming best practices like commenting code and avoiding syntax errors.

Uploaded by

Rohit Raj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
47 views14 pages

Business Econometrics Using SAS Tools (BEST) : Class I - An Introduction To Econometrics, Analytics and SAS

This document provides an overview and introduction to a class on business econometrics using SAS tools. The class covers the basics of data management and econometric analysis in SAS, applying those techniques to business cases using real examples. It introduces concepts like statistics, analytics, big data, econometrics and the SAS Enterprise Guide software. The document outlines the class structure and provides guidance on SAS programming best practices like commenting code and avoiding syntax errors.

Uploaded by

Rohit Raj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 14

Business Econometrics

using SAS Tools (BEST)


Class I An Introduction to
Econometrics, Analytics and
SAS

Class Design
Begin with Basic Stories
Basics of Data Management with SAS
Econometric Analysis Relevant to
Businesses
Econometric Analysis using SAS
Analyzing SAS Output
Applying Econometric Analysis to
Business Cases using SAS Live
Examples

What is Statistics?
Study of the collection, organization, analysis,
interpretation and presentation ofdata
Theoretical statistics the mathematical basis of the
process of statistical analysis. Most research and work
on finding new tools, fixing errors in existing tools and
improving them
Applied Statistics using the existing tools of
statistics on certain data to improve our
understanding of the problem in hand
What type of assumptions?
What is Normal?
Simple concept like average (mean) and standard deviation

Introduction to Analytics and the


Wonderful World of Big Data
Analytics - Identifying patterns and trends in data
Sometimes goes beyond just statistics
Communicating the findings to enhance business or
strategic decision making
Big Data The size of the datasets are so large that
applying direct statistical tools are not easy
Most assumptions on the data are difficult to verify

Working with Big Data


Beyond statistics
Relationships matter

Ex: Walmart 1 million customer transactions per


hour

Econometrics and its Problems


with a Data Centric View

Patterns real or mined?


Theoretical basis the WHY?
Extrapolation external validity
Prediction possibilities
Simulate but when, why and how?

Introduction to SAS (GUI) The SAS


Enterprise Guide
Good News Using SAS Enterprise
Guide (EG) is easier than using SAS
Bad News Corporations use Base
SAS not the EG. So, learn to program.
Lets open SAS EG

The 1 Impression
st

Syntax: Notions and Corrections


Some Simple Errors and Easy Fixes
Rules of the Language
Must remember
Semi colon (;) at the end of every statement
Can continue statements t next line, but cannot split a
word into two
Missing data is marked as (.) when it is numeric and
is blank when it is alphanumeric
Variable names must start with a letter or underscore
(_) and can contain only letters, numbers and
underscore (_)
Must be less than 32 characters
Case insensitive

Some Things to Remember about


SAS Programs
Essentially 2 parts, which may be repeated
over and over again
DATA steps, which begin with a DATA statement

Creates data
Reads and modifies data
Appends data
Remember it moves line-by-line

PROC steps, which begin with a PROC statement


Analysis, graphics, analytics, forecasting using the data
Provide outcome results and reports

Commenting: Making your Code


Human (not just Machine) Readable
The code you write is not for your
eyes only
Bosses, colleagues and clients
Students! Yes, you will start training
people too

Code needs to be transferable

Creating Data Sets

Open SAS EG
File>New>Data
Choose File Name Choose Location to Save
Provide Column (Variable) Names and Types
Provide Display and Input Format
Delete all other Rows
In the created empty dataset, type in
If you try to enter letters in a column designed
to be numeric, you will get an error message

Variables
Name Provide understandable names, can begin
with (_) or letter
Type character or numeric
Group In Numeric, it can be Date, Time,
Currency or just Numbers
Length Number of integer length
Display actual format and reading format
Read-in format (Informat) This is how you (or the
user) enters the numbers or character
If you try to enter letters in a column designed to
be numeric, you will get an error message

Reading and Importing Data


File>Open>Data if it is a SAS Dataset
To Import an Excel File File>Import Data>
Local Computer> and then you can
Region to Import
choose the tabs,
regions to import (beginning and end rows) or entire
file
specify if first line is a column heading

Column Option
For every column, the usual variable attributes

Save option

Export to Excel
File>Send To>MS Excel
Using the same, you can send it to
Word or your email recipients

You might also like