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Principle 11: Risk management reports should be distributed to the relevant parties while ensuring confidentiality is maintained. Early in 2013, the Basel Committee on Banking Supervision (BCBS) issued guidelines for banks regarding risk data aggregation and reporting. Known collectively as BCBC 239, these principles were designed to ensure that banks
Let’s be honest. When well planned, a SAS Grid Computing platform as the basis for a shared, highly available, high-performance analytics environment can pay for itself many times over. However, it is critical that your overall objectives and computing environment be well understood for you to achieve success with your
Today is my 500th blog post for The DO Loop. I decided to celebrate by doing what I always do: discuss a statistical problem and show how to solve it by writing a program in SAS. Two ways to parameterize the lognormal distribution I recently blogged about the relationship between
This probably won't surprise any of my regular readers: "SAS custom tasks" is one of my favorite topics to talk about. Since 2007, I've written blogs about how you can use custom tasks to extend SAS Enterprise Guide and the SAS Add-In for Microsoft Office. I've shared lots of examples,
In 1990, the North Carolina General Assembly created the Sentencing and Policy Advisory Commission to evaluate sentencing laws and policies and recommend any modifications necessary to achieve policy goals. As part of the mandate, the General Assembly required the Sentencing Commission to develop a correctional population simulation model. The model
From managing excess DVD inventory to optimizing digital distribution channels, Hollywood’s supply chain transformation in the last decade has been massive. Knowing this background, and having spent a good part of my life surrounded by the entertainment industry, I was intrigued and inspired by the recent Entertainment Supply Chain Academy
SAS software can be used for many things - here's how you could use it to help save endangered sea turtles! You've seen SAS used to track endangered wildlife by the shape of their footprints, and help run Texas Parks & Wildlife. Now, how about tracking the movements of (and thereby helping
There are thousands of kitchen gadgets on the market designed to make cooking easier, quicker and more efficient. However, most of these gadgets serve one specific purpose and take up prime kitchen real estate. After a few uses they end up being thrown in the back of a drawer or
This is part 3 of a blog series on how Lubbock Independent School District (Lubbock ISD) uses SAS® EVAAS to improve teaching and learning by promoting self-reflection and aiding instructional and administrative decision-making. This is done in a district that, in the past decade, has experienced dramatic increases in the percentage
When teaching statistics, it is often useful to produce a normal density plot with shading under the curve. For example, consider a one-sided hypothesis test. An alpha value of .05 would correspond to a Z-score cutoff of 1.645. This means that 95% of a standard normal curve falls below a
Really! I did a double-take last week when a conference chair told me that there’s grant money available for students, faculty and SAS junior professionals but few have applied. In one case, there were no applications submitted. We're hoping this is just a temporary glitch, a holdup resulting from too-busy schedules
This is part 2 of a blog series on how Lubbock Independent School District (Lubbock ISD) uses SAS® EVAAS to improve teaching and learning by promoting self-reflection and aiding instructional and administrative decision-making. This is done in a district that, in the past decade, has experienced dramatic increases in the
In many areas of statistics, it is convenient to be able to easily construct a uniform grid of points. You can use a grid of parameter values to visualize functions and to get a rough feel for how an objective function in an optimization problem depends on the parameters. And
It was almost two weeks ago that I got started making a display for lab tests for a subject, based on a graph I saw on the web for an article on this blog. This graph is a part of a larger panel display of the lab values for a
“Technological innovation is no longer a choice: it is an imperative.” So said Scott O’Malia, Commissioner of the Commodity Futures Trading Commission, about trade surveillance during his keynote address at the recent SAS-sponsored New Risk in Energy 2014 conference in Houston. He was attempting, as he has before, to spur