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EncartaLabs

Time Series Modeling

( Duration: 2 Days )

This Time Series Modeling training course covers the fundamentals of modeling time series data, and focuses on the applied use of the three main model types used to analyze univariate time series: Exponential Smoothing, Autoregressive Integrated Moving Average with Exogenous variables (ARIMAX), and Unobserved Components (UCM).

By attending Time Series Modeling workshop, delegates will learn to:

  • Create time series data
  • Accommodate trend, as well as seasonal and event-related variation, in time series models
  • Diagnose, fit, and interpret exponential smoothing models, arimax models, and unobserved components models
  • Identify relative strengths and weaknesses of the three model types.

  • An understanding of basic statistical concepts.

The Time Series Modeling class is ideal for:

  • Analysts with a quantitative background as well as non-statistical analysts and domain experts who would like to augment their time series modeling proficiency

COURSE AGENDA

1

Introduction to time series

  • Defining a time series
  • Using proc timeseries to transform transactional data into time series data
  • Define and explore the systematic components in a time series
  • Describe the decomposition of time series variation
  • List three families of time series models
  • Introduce sas studio
2

Arimax models

  • Introduce the concepts of white noise, auto-correlation, and stationarity
  • Differentiate between arma and arima models
  • Identify autoregressive and moving average processes
  • Estimation of autoregressive parameters
  • Armax and time series regression
  • Forecasting and accuracy assessment
3

Exponential smoothing models

  • Describe the history of esm
  • Describe how they work and the types of systematic components they accommodate
  • Describe each of the seven types of esm formulas
  • Choose the best esm for a given data set using a hold-out sample, output fit statistics,and forecast data sets
4

Unobserved components models

  • Introduce ucm and focus on the multiple sources of error and parameters as a function of time
  • Describe the basic component models: level, slope, seasonal
  • Focus on details of ucm strengths, for example visualization of component variation
  • Build a ucm by iteratively adding and deleting component models and interpreting diagnostics

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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