In a previous article about Markov transition matrices, I mentioned that you can estimate a Markov transition matrix by using historical data that are collected over a certain length of time. A SAS programmer asked how you can estimate a transition matrix in SAS. The answer is that you can
One of Warren Buffett’s most famous quotes goes like this: “Only when the tide goes out do you discover who’s been swimming naked.” That time is now for interest rate risk managers, who have been basking in the warm sea of declining interest rates for most of the last four
SAS is committed to fostering an inclusive culture and work environment where everyone can thrive, be their authentic self, and achieve their full innovative potential. Every February we shine a special light on the Black experience by celebrating Black History Month – a time to recognize and reflect on the
