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Comparing the SAS Forecasting System With PROC HPF and SAS Enterprise Miner

• Tags:
• methods,
• forecasting,
• enterprise miner,
• node

Overview SAS has now developed multiple methods for investigating time series data. This includes the ETS forecasting system, the time series node in Enterprise Miner (version 5.1), and the recently developed HPF (High-Performance Forecasting). It is the purpose of this paper to compare and contrast the different methods while demonstrating their use. The aim of these methods is to create accurate forecasts that can be used in business and industry for budgeting purposes. In this paper, one time series example will be explored in detail using the various time series methods. Differences and similarities in methods will be examined. Forecasts will be compared and contrasted.

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