Abstract #301235

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JSM 2003 Abstract #301235
Activity Number: 339
Type: Contributed
Date/Time: Wednesday, August 6, 2003 : 8:30 AM to 10:20 AM
Sponsor: Section on Statistical Graphics
Abstract - #301235
Title: Data Visualization and Exploration in Regression Modeling
Author(s): George Fernandez*+
Companies: University of Nevada
Address: Dept. of Applied Econ/Stats, Reno, NV, 89557-0901,
Keywords: SAS ; SAS macro ; data mining ; multicollinearity ; heteroscedasticity ; influential observation
Abstract:

A user-friendly SAS macro application to perform data exploration in regression utilizing the latest capabilities available in SASĀ® systems is presented here. This practical approach integrates graphical analysis tools available in SAS systems and provides instructions to generate exploratory graphs such as augmented partial residual, partial leverage, VIF and interaction plots quickly without writing SAS program statements or using menu interface by running the SAS macros in background. Educators can use this SAS macro to emphasize the impact of influential outliers, model specification errors, multicollinearity and variance heteroscedasticity in regression model building. The main feature of this approach is that analysts can perform complete data exploration quickly by using the downloadable SAS macro call files. Using this MACRO APPROACH, SAS users can effectively and quickly perform data exploration and spend more time in interpretation of graphs rather than debugging their program errors, etc. The features of the 'regdiag' in performing data exploration in regression modeling will be presented.


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