To use statistical methods and SAS applications to forecast the future values of data taken over time, you need only follow this thoroughly updated classic on the subject. With this third edition of SAS for Forecasting Time Series, intermediate-to-advanced SAS users-such as statisticians, economists, and data scientists-can now match the most sophisticated forecasting methods to the most current SAS applications.

Starting with fundamentals, this new edition presents methods for modeling both univariate and multivariate data taken over time. From the well-known ARIMA models to unobserved components, methods that span the range from simple to complex are discussed and illustrated. Many of the newer methods are variations on the basic ARIMA structures.

Completely updated, this new edition includes fresh, interesting business situations and data sets, and new sections on these up-to-date statistical methods:

ARIMA models
Vector autoregressive models
Exponential smoothing models
Unobserved component and state-space models
Seasonal adjustment
Spectral analysis

Focusing on application, this guide teaches a wide range of forecasting techniques by example. The examples provide the statistical underpinnings necessary to put the methods into practice. The following up-to-date SAS applications are covered in this edition:

The ARIMA procedure
The AUTOREG procedure
The VARMAX procedure
The ESM procedure
The UCM and SSM procedures
The X13 procedure
The SPECTRA procedure
SAS Forecast Studio

Each SAS application is presented with explanation of its strengths, weaknesses, and best uses. Even users of automated forecasting systems will benefit from this knowledge of what is done and why. Moreover, the accompanying examples can serve as templates that you easily adjust to fit your specific forecasting needs.

This book is part of the SAS Press program.

About the Author

John C. Brocklebank, PhD, is Executive Vice President, Global Hosting and US Professional Services, at SAS. Dr. Brocklebank brings more than 35 years of SAS programming and statistical experience to his leadership role at SAS. He holds 14 patents and directs the SAS Advanced Analytics Lab for State and Local Government, which devotes the resources of nearly 300 mostly doctoral-level SAS experts to devising technology solutions to critical state and local government issues. He also serves on the Board of Directors for the North Carolina State College of Sciences Foundation, where he advises the dean and college leaders on issues affecting the future direction of the college. In addition, he is a member of the Lipscomb University College of Computing and Technology Advancement Council and the Analytics Corporate Advisory Board, Analytics and Data Mining Programs, Spears School of Business at Oklahoma State University. Dr. Brocklebank holds an MS in biostatistics and in 1981 received a PhD in statistics and mathematics from North Carolina State University, where he now serves as a Physical and Mathematical Sciences Foundation board member and an adjunct professor of statistics.

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