SAS Syntax

lloraine — Thu, 18 Apr 2013 10:56:01 GMT

What does 'act/act' mean in the following:

DatDif(t1.shipped,t1.Returned,'act/act')

The terminology and the syntax is the hardest for me.

Re: SAS Syntax

DBailey — Thu, 18 Apr 2013 11:27:34 GMT

basis

specifies a character string that represents the day count basis. The following values for basis are valid:

'30/360'

specifies a 30-day month and a 360-day year, regardless of the actual number of calendar days in a month or year.

A security that pays interest on the last day of a month will either always make its interest payments on the last day of the month, or it will always make its payments on the numerically same day of a month, unless that day is not a valid day of the month, such as February 30. For more information, see Method of Calculation for Day Count Basis (30/360).

Alias:

'360'

'ACT/ACT'

uses the actual number of days between dates. Each month is considered to have the actual number of calendar days in that month, and each year is considered to have the actual number of calendar days in that year.

Alias:

'Actual'

'ACT/360'

uses the actual number of calendar days in a particular month, and 360 days as the number of days in a year, regardless of the actual number of days in a year.

Tip:	ACT/360 is used for short-term securities.

'ACT/365'

uses the actual number of calendar days in a particular month, and 365 days as the number of days in a year, regardless of the actual number of days in a year.

Tip:	ACT/365 is used for short-term securities.

Re: SAS Syntax

lloraine — Thu, 18 Apr 2013 11:31:53 GMT

Thank you for the explanation.

topic SAS Syntax in SAS Enterprise Guide

SAS Syntax

Re: SAS Syntax

Re: SAS Syntax