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SAS/OR 14.1, which became available on July 14, delivers a number of new and enhanced features in optimization and simulation. These changes are designed to make SAS/OR even easier to use and to enable you to model and solve larger, more complex problems more efficiently. If you're using SAS/OR now,
Since our last VirtualOil update in May, oil prices have continued to take a beating. As the chart of the rolling five-year portfolio shows, much of our strip of options is now out-of-the-money and the average value per barrel of that optionality has sunk below $7. No surprise then that
with Natalie Osborn, Senior Industry Consultant, Hospitality and Gaming Practice, SAS. It’s back to school time, and back to school reminds me of getting back to the basics. So, we thought we’d start the fall with a “back to the basics” refresher series on analytics. To accomplish this, Natalie and
Suppose you wish to select a random sample from a large SAS dataset. No problem. The PROC SURVEYSELECT step below randomly selects a 2 percent sample: proc surveyselect data=large out=sample method=srs /* simple random sample */ n=1000000; /* sample size */ run; Do you have a SAS/STAT license? If not,
I think everyone can agree that being able to debug programs is an important skill for SAS programmers. That’s why Susan Slaughter and I devoted a whole chapter to it in The Little SAS® Book. I don’t know about you, but I think figuring out what’s wrong with my program
I have been working on streaming analytics in conjunction with a project at Duke Energy, so a few months ago I was contacted by a colleague who wanted to look at the feasibility of applying what I’ve learned to our Internet of Things (IoT) initiative. In particular, we wanted to see if
As Gerry Nelson pointed out in an earlier post on 9.4M3, a new interface to the SAS Backup and Recovery Tool is available from the Administration application in SAS Environment Manager. This new SAS Backup Manager interface makes scheduling regular backups and executing ad hoc backups extremely easy to do
This is my final entry in the Education Meets Big Data blog series. Let’s review what we've covered so far… In my first post, I explained that statewide longitudinal data systems (SLDSs) track student data from preschool through college and workforce across the state. SLDSs can be used to see one
Big Data has become a technology buzzword. But how is Big Data changing insurance? Historically, insurance companies have used SMALL data to make BIG decisions. Today, insurers are using BIG data for SMALL decisions. What does this mean? Traditionally, insurance companies have aggregated data to group risks into broad categories
The digital disruption phenomenon is redrawing the market map. New players, products and services are gaining competitive advantage, while traditional business and revenue models are being questioned. Gartner believes that by 2020, thanks to the Internet of Things, information will be used to reinvent, digitalize or eliminate 80% of business
Often when the data includes some extreme difference in measures or some outliers, the plot of the data points can get skewed due to the need to accommodate the extreme outliers. The bulk of the observations get squeezed into a smaller region of the plot. While this may be useful
While I was in college, perhaps the lecture that stood out most to me was on proper running form from a Strength & Conditioning class. It wasn’t something I ever really thought about before. My only focus had been getting through my runs without dying! However, whether you are a serious marathon
Integrating big data into existing data management processes and programs has become something of a siren call for organizations on the odyssey to become 21st century data-driven enterprises. To help save some lost time, this post offers a few tips for successful big data integration.
New in the 7.3 release, SAS Visual Analytics now provides sample objects. During installation, the SAS Deployment Wizard prompts you to include sample reports by default. In addition to eight reports, an exploration and ten sample datasets are also included in the samples. These sample reports and datasets are available by industry
The 2015 United States Tennis Open tournament is now underway, and like most tennis fans, I’ve got my eyes on women’s tennis great Serena Williams, as she attempts to make history by winning the tournament and achieving a calendar Grand Slam. What are her chances of reaching the milestone? Most