Book Image

SAS for Finance

By : Harish Gulati
Book Image

SAS for Finance

By: Harish Gulati

Overview of this book

SAS is a groundbreaking tool for advanced predictive and statistical analytics used by top banks and financial corporations to establish insights from their financial data. SAS for Finance offers you the opportunity to leverage the power of SAS analytics in redefining your data. Packed with real-world examples from leading financial institutions, the author discusses statistical models using time series data to resolve business issues. This book shows you how to exploit the capabilities of this high-powered package to create clean, accurate financial models. You can easily assess the pros and cons of models to suit your unique business needs. By the end of this book, you will be able to leverage the true power of SAS to design and develop accurate analytical models to gain deeper insights into your financial data.
Table of Contents (9 chapters)

Business case for forecasting inflation

A leading bank depended heavily on the central bank's monthly inflation report for various aspects of business planning. The in-house economic team provided a directional statement on whether inflation was expected to increase, decrease, or remain stable. This directional statement preceded the official government numbers by a week. The forecasted direction and lack of information on the expected quantum of change was something that suited the bank in the economic scenario when inflation was stable. Recently, however, the inflation rate has been fluctuating a lot and the bank was keen to have high-quality forecasts of the inflation rate as soon as possible.

The bank had a leading presence in the wholesale and retail market in the country. Some of the management was of the opinion that it would be prudent to assume that their customer...