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Move beyond spreadsheets to data mining, forecasting, optimization – and more

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Mike Gilliland 0
Why forecasts are wrong

This week brought big news of one of the most cruel and heartless tyrants of the 21st century.  This man is known for narcissistic behavior, surrounding himself with a cadre of beautiful women, sleeping in a different place every night, picking new favorites each week, and bringing tears and untold suffering

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Anthony Volpe 0
Moneyball and the art of analytics

Last week, a new film featuring Brad Pitt came to theaters, and for a change, I’ll be dragging my wife to see it instead of the other way around.  Moneyball is based on the best-selling book by Michael Lewis (2003) which chronicles the new-age, statistically driven philosophy successfully adopted by

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Mike Gilliland 0
Guest Blogger: Udo Sglavo on Cross-validation using SAS Forecast Server (Part 2 of 2)

In Part 1, Udo provided SAS code to replicate the example in Hyndman's blog.  Below, he shows the results of out-of-sample testing, and draws some conclusions on the computational efficiency of this approach. Out-of-sample Testing In addition to the example shared by Hyndman, out-of-sample data was used to illustrate the final performance

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Mike Gilliland 0
The New (BF) Deal

We had a tornado in April, an earthquake on Tuesday, a drought all summer, and a hurricane arrives on Saturday. All I can figure is that Cary, NC has way too many sinners per capita. What's next -- pestilence? The BFD Makeover The BFD (and all SAS blogs) will now be

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Mike Gilliland 0
Announcing: SAS Forecast Server 4.1

Tuesday's release of SAS 9.3 included the new SAS Forecast Server 4.1, which has several valuable enhancements: Combination (Ensemble) Models: A combination of forecasts using different forecasting techniques can outperform forecasts produced by using any single technique. Users can combine forecasts produced by many different models using several different combination

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