The SAS Business Knowledge Series now offers an online version of the "Forecast Value Added Analysis" course, taught via live web in two afternoon sessions, May 7-8. The instructor is my colleague Chip Wells, who expanded our original 1/2 day FVA workshop with new material, examples, and exercises based on his
Oil is bouncing around the $50 range as the market adds and loses value with each new headline, from potential new Iranian exports after the nuclear talks to the slowest month of inventory builds at Cushing since Thanksgiving. The US rigcount is down nearly 23 percent year-over-year, but the rate
Tax fraud…5-7 years in prison. I thought I had it all figured out. The government wades through millions of returns and tries to issue refunds quickly. Sure, I filed over a thousand for my clients, but that’s just a blip on their radar. I never thought I’d get caught. But
In February of this year, the Washington Business Journal reported the US Government appointed its first Chief Data Scientist, DJ Patil. With this, I think it’s now safe to say that Data Science is officially sanctioned as new mode in organizations. Those that can apply the necessary finesse along with
March is national Social Work Month and this year the National Association of Social Workers celebrates its 60th anniversary of facilitating positive social changes and improving the lives of individuals and families. Social work is a profession that considers the needs of others every day. Individuals who dedicate themselves to
SAS und Hadoop: Immer mehr Unternehmen stellen Überlegungen zum Einsatz von Hadoop als Framework für verteiltes Speichern und Verarbeiten großer Datenmengen an. Gerade für das Speichern von un- oder semistrukturierten Daten wie soziale Medien, Blogs, Foren, Online-Shops oder maschinengenerierte Sensordaten bietet sich diese Plattform an. Natürlich besteht häufig der Wunsch,
My colleague Charlie Chase, Advisory Industry Consultant and author of the book Demand-Driven Forecasting, has developed a new course for the SAS Business Knowledge Series (BKS): Best Practices in Demand-Driven Forecasting. The 2-day course will be offered for the first time April 20-21 in Atlanta (and then again September 24-25 in Chicago). From the
For Parent’s Weekend this year, I needed to choose a restaurant for dinner in my son’s college town. Our extended family was attending the college football game and spending the weekend with our son. Before making my decision, I searched the internet for all the restaurants located within a reasonable
♦We learned this week that SAS is ranked #4 on Fortune's 100 Best Companies to Work For in 2015. This makes six straight years ranking in the top four (including twice at #1). ♦The March/April 2015 issue of Analytics Magazine includes a SAS company profile by my colleague Kathy Lange. As
Public educators have increasingly been told to produce the “workforce of the future.” States are striving for alignment between what students learn and the jobs that ultimately will be available to them. This alignment is critical for students so they have the right skills and knowledge to excel at college
Mobile World Congress is quickly approaching. Attendees and exhibitors are feverishly scheduling meetings, doing research, and determining their areas of focus to maximize their experience of the event. If you're hoping to learn more about big data analytics at the conference, here are some helpful insights and resources to help you
According to a 2012 report, it was estimated that over the next five years the US Internal Revenue Service (IRS) will issue more than $20 billion in potentially fraudulent tax refunds. Figures like this do little to boost taxpayers’ confidence in our nation’s tax system. And tax fraud is not
Why do people steal ATMs? Because that's where the money is!!! While the old "smash-n-grab" remains a favorite modus operandi of would-be ATM thieves, the biggest brains on the planet typically aren't engaged in such endeavors (see Thieves Steal Empty ATM, Chain Breaks Dragging Stolen ATM, An A for Effort). And of
In Part 1 of this blog series, I touched on the problems created by the underground economy, and framed the size and scope. But important questions remain about the types of businesses that are part of the underground economy, how they do it, and what the driving forces behind this
The physical and social costs of untreated mental illness are significant and have been discussed in detail in previous posts. Now let’s talk about the immense financial costs, then I’ll wrap up the series with a conclusion. The financial costs cover a broad cross-section of society, including government services and
The underground economy is driving a hole in the collection of income taxes, social security, unemployment and Medicare to the tune of hundreds of billions of dollars annually within the United States. Yet significant questions remain about how big the problem is, as well as what should be done about it.
We want to extend a huge thank you to everyone who donated their leftover (and excess) Halloween candy this year, you outdid yourselves!! We tipped the scales at more than 265 pounds of candy- 45 more pounds than we collected last year! So what happened to ALL that candy? Well,
Last year during Computer Science Education Week, some in the corporate community participated in The Hour of Code. To those who visited classrooms, thank you! Telling students about the exciting careers in computer science not only inspires leaders of tomorrow, but it also leads to more graduates equipped to innovate
What Kind of Holidays Do You Want? Do you like your holiday filled with lots of parties or do you prefer a quiet walk in the woods with a friend? Do you love bumping elbows with thousands of shoppers at the mall or relaxing at home with family? These are good
As teachers across 35+ states are evaluated, and sometimes compensated, in part by the academic growth of their students, there may be an unintended consequence. Teachers may question whether to accept student teachers, in fear of the student teacher bringing down their value-added estimate(s) and overall evaluation rating. How can
Not all fraud originates from the dark underground of criminal enterprises. In fact, fraud could literally be right under our noses, or in the cubicle next to us. The “Insider Threat” has many names – internal fraud, occupational fraud, even espionage – and uses authorized internal access and knowledge to
Every day there are news stories of fraud perpetrated against federal government programs. Topping the list are Medicaid and Medicare schemes which costs taxpayers an estimated $100 billion a year. Fraud also is rampant in other important federal programs, including unemployment and disability benefits, health care, food stamps, tax collection,
When it comes to fraud detection and risk mitigation, predictive modeling has earned a reputation as the “heavy hitter” in the realm of data analytics. As our celebration of International Fraud Awareness Week continues, I would challenge our readers to ask themselves this question, “Is the reliance upon predictive analytics
On a cold and wet December morning in 2008, at approximately 1:30 AM, I pulled into the parking lot of an abandoned supermarket in Arlington, TX. With sleet pelleting my windshield, I saw three additional sets of headlights enter into the parking lot from different directions. All three cars converged
Many vendors claim they have analytics, and a lot of users have embraced the belief that analytics is the way to go. But what does analytics really mean, especially to business users without statistics backgrounds, and how much do they need to know about analytics to be able to make
Is fraud like a snowflake, and every one is unique? Not really. There is, however, an increasing number of methods and schemes that show up and expand the range of issues we need to look for every day. To celebrate International Fraud Awareness Week this year, I'm going to spend
Business forecasting is a highly politicized process, subject to the biases and personal agendas of all forecasting process participants. This is why many -- perhaps most -- human adjustments to the forecast fail to make it better. And this is why relative metrics, such as FVA, are so helpful in
For most people, this time of year means celebrating cherished, personal traditions… helping those less fortunate…flocking to stores in droves…the company holiday party… For the SAS Security Intelligence team, it means identity theft…benefits fraud…unemployment insurance fraud...insider threats. Why? Because next week is International Fraud Awareness Week! And we’re celebrating by
There are times when I harken back to the classic television show M.A.S.H. For those of you too young to remember, the story centered around a mobile Army surgical hospital in the midst of the conflict in the Korean peninsula. While they weren't the first people to see the patient, the unit
In his Spring 2014 article in Foresight, Paul Goodwin addressed the important issue of point vs. probabilistic forecasts. A point forecast is a single number (e.g., the forecast for item XYZ in December is 635 units). We are all familiar with point forecasts, as these are what's commonly produced (either
