topic Re: Building an index of performance in SAS Forecasting and Econometrics

Building an index of performance

ftavano — Thu, 31 Oct 2013 10:19:00 GMT

Hi, I am writing my final dissertatation for my master degree.

The objective is to create an index of performance evaluation of professional car racing drivers. I am doing so through statistical data mining techniques, but I am a novice with SAS.

I was wondering if it is possible to receive some instructions on how to do it, or just directions on where I can find some useful material to learn more about that.

Thanks

Re: Building an index of performance

ets_kps — Thu, 31 Oct 2013 14:40:42 GMT

There are many directions to take your question but one technique you might want to consider is Stochastic Frontier Modeling. The underlying model assumes there is a maximum efficiency that can be obtained. Agents in the model can be evaluated based on their "closeness" to maximum efficiency.

Here is a link to its implementation in SAS. SAS/ETS(R) 12.3 User's Guide

Also, here a link to paper you might mind useful. http://isbm.smeal.psu.edu/library/working-paper-articles/2004-working-papers/06-2004-measuring-performance.pdf

It doesn't sound as if your data are confidential. Would you like to share them?

Re: Building an index of performance

gzuckier — Thu, 31 Oct 2013 18:45:01 GMT

Being that you are a newbie, it should be pointed out that ETS is not part of Base SAS license, but optional at extra cost.

Re: Building an index of performance

ftavano — Fri, 01 Nov 2013 11:00:35 GMT

This sounds like a very good starting point, I'll take a deeper look into that.....however, you were mentioning that many techniques exist; which other would you recommend me to consider?

Thanks a lot.

PS: yes, my data are not confidential...my database is still "under construction", I'd love to share it once it's done