Expensive physical capital must be regularly maintained for optimal efficiency and long-term insurance against damage. The maintenance process usually consists of constantly monitoring high-frequency sensor data and performing corrective maintenance when the expected values do not match the actual values. An economic system can also be thought of as a system that requires constant monitoring and occasional maintenance in the form of monetary or fiscal policy.
This paper shows how to use the SSM procedure in SAS/ETS to make forecasts of expected values by using high-frequency multivariate time series. The paper also demonstrates the functionality of the new SASEFRED interface engine in SAS/ETS.
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