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Data Preparation using SAS

Data Preparation using SAS

Before doing any data analysis, there are tasks which are critical to the success of the data analysis project. That critical task is known as data preparation. You may have heard that in the last years the data production is expanding at an astonishing pace. Experts now point to a 4300% increase in annual data generation by 2020. This can be due to the switch from analog to digital technologies and the rapid increase in data generation by individuals and corporations alike. The most of the data generated in the last few years are unstructured.

sass

In the above context, it is highly important to prepare your data from the unstructured dataset to a structured dataset to do a meaningful analysis.

“Data preparation means manipulation of data into a form suitable for further analysis and processing”

“Data Preparation techniques consists of Cleaning, Integration, Selection and Transformation”

We will discuss some of the data preparation techniques in SAS using SAS. INFORMAT is used to read the data with special characters. FORMAT is used to display the data with special characters.

 

Data DP.Practice;

length City $10.;
 input City $ ID $ Age Salary DOJ Profit;
 informat Salary dollar6. DOJ ddmmyy10. Profit dollar7.2;
 format Salary dollar6. DOJ ddmmyy10. Profit dollar7.2;
 label DOJ = "Date of Joining";
 rename Salary = Salary_of_Employee;
 datalines;
 Bangalore T101 24 $2,000 12/12/2010 $300.50
 Pune T102 29 $3,000 11/10/2006 $400.50
 Hyderabad T103 $5,000 12/10/2008 $500.70
 Delhi T104 $6,000 12/12/2009 $450.00
 Pune T105 $7,000 12/12/2009 $450.00
 ;
 run;

 

On the above SAS code, we have used both the INFORMAT and FORMAT to read and display the data with special characters. The SAS INFORMAT statement read the salary as numeric variable and in a specific format i.e. $5,000 which is of 6 characters including $. The FORMAT statement displays the same in your input data. Rename and label statements helps modify the variables metadata for further understanding of the dataset.

2

We will apply some transformations techniques in a dataset which helps us to apply some advanced analytical techniques in the data. We have a dataset that has various attributes of a customer who has subscribed or not subscribed an edition. In our dataset we have a categorical variable status which holds the observation either “Subscribed” or “Not Subscribed”.  We can transform the categorical variable into a dichotomous variable to run a logistic regression on our dataset.

 

Data media01;
 set DP.media;
 length status $15;
 If status =”subscribed” then status = “0”;
 else status = “1”;
 run;

 

On the above SAS code, we have applied simple If Else statements to transform our dataset called media. Transforming a categorical variable into a dichotomous variable helps us to apply the analytical techniques that we want to run in our dataset. Once after the transformation is done, the dataset is good to go for the next stage i.e. data analysis.

The more you torture your data i.e. Data Preparation, the more the success on the outcome of the data analysis.

 

DexLab Analytics offer state of the art SAS training courses. They are a premier SAS training institute that caters to the needs of their students round the clock.

 

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Approach – Actionable Analytics

Approach – Actionable Analytics

 

In this blog post, we will discuss on the approach we can follow to provide an actionable analytics. Doing actionable analytics is not easier said than done. It requires a focused analytical process. Here we will outline the three important phase or levers that can improve the process of delivering actionable analytics. The three phases can help you to improve the financial aspects of the business by doing actionable analytics.

 

  • Discover
  • Explore 
  • Engage

Actionable-Data-Analytics-Cycle_f_improf_500x558

For example, if we are delivering actionable analytics for the marketing function. In each phase we will identify some critical characteristics or parameters that are going to influence the financial value directly or indirectly.

Continue reading “Approach – Actionable Analytics”

Import and Export of dataset using SAS and R

Import and Export of dataset using SAS and R
 

For an analyst, data is a primary raw material, which is used to draw conclusions and inferences for taking business decisions. Raw data is of less help to draw conclusions and inferences. Hence, we need to put the data into any statistical analysis software to slice and dice to bring inference for better decision making. In this post, we will discuss about the steps to import and export of a dataset using SAS and R.

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Credit Risk Analytics and Regulatory Compliance – An Overview

Credit Risk Analytics and Regulatory Compliance – An Overview

 

Post the Financial Crisis of 2008, there has been an increase in the regulatory vigilance of the capital adequacy of commercial banks across the globe. Banks need to be compliant with different regulatory capital requirements, so that they can continue their operations under situations of stress. A majority of analytical work in Indian BFSI domain is to provide analytical support to US based multinational NBFC’s. We would like to throw some light on the opportunities and scope of credit risk analytics in the US banking and financial services industry. The Federal Reserve requires the banks to be compliant with three main regulatory requirements: BASEL- II, Dodd Frank Act Stress Testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR).

Continue reading “Credit Risk Analytics and Regulatory Compliance – An Overview”

Quantitative Analysis 1 – Five Number Summary

To be a successful analyst or be a part of great analytics team, there are 3 important dimensions one would aspire to be or have. They are technical, business and tools. Hence, we would begin with one of the sub dimension of the technical skills, i.e. being quantified self or developing quantitative skills.

 Quantitative Analysis 1 – Five Number Summary

As per the Informs, the definition of Analytics shall be:

  Continue reading “Quantitative Analysis 1 – Five Number Summary”

Tips to Make Sense of All The Big Data Around Us, You Can Make a Difference

Tips To Make Sense Of All The Big Data Around Us, You Can Make A Difference

We are all in the midst of the onslaught of information overload in many ways. We create it, transfer it and heartily participate in it. To get a grasp of the actual reality faced by businesses of all sizes, one needs to understand the exact scenario. According to IDC1, “The big data and analytics market will reach $125 billion worldwide in 2015” Further, IDC predicts, “Clearly IoT (Internet of Things) analytics will be hot, with a five-year CAGR of 30%.”

big-data-analytics

Data is created from all the posts made every second globally on social media, the humongous chatter, digital photo sharing, video uploads, online transactions, all the cell phone signals etc. – are all forms of data being generated leading to a massive information overload across servers and of course the cloud platforms.

All this digitization has led to a severe business challenge – so much big data, but how to make sense of all this? How does one use it for any kind of business related decision or direction? The following are some tips to help business make some sense from all this data right within their ambit.

1-Break it down

Big data remains big, unless methods are employed to break it into tiny usable groups of information. Eliminating, cross-referencing and grouping are the first steps to sort out various disparate data bytes.

2-Deduplication

There will always be the challenge of similar data springing up and being stored. Deduplication works as a primary point of ensuring that there is a reduction in the same data coming up for analysis.

3-Technology and its role

The role of specific technology cannot be ignored, when it comes to ensuring that all this big data is streamlined, stored safely and processed using the latest available techniques.

Big Data Landscape

4-Do not discard anything

Even the smallest and seemingly insignificant amount of information may be relevant and hold key insights.

5-Best practices for data analysis

The ecosystem revolving around the actual analysis of the big data needs to evolve into a more standardized format to be used across flexible structures leading to quicker outputs, better results and arriving at useful insights.

6-Having the right talent

This is one of the most important aspects, when it comes to actually making sense of all the data lying around across organizations. This is where trained and certified big data analysts appear.

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Interested in a career in Data Analyst?

To learn more about Data Analyst with Advanced excel course – Enrol Now.
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To learn more about Data Analyst with Apache Spark Course – Enrol Now.
To learn more about Data Analyst with Market Risk Analytics and Modelling Course – Enrol Now.

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