NOTE: Copyright (c) 2002-2012 by SAS Institute Inc., Cary, NC, USA.
NOTE: SAS (r) Proprietary Software 9.4 (TS1M3)
      Licensed to NATIONAL CHENG CHI UNIVERSITY, Site 12001751.
NOTE: This session is executing on the X64_8HOME  platform.



NOTE: Updated analytical products:

      SAS/STAT 14.1
      SAS/ETS 14.1
      SAS/OR 14.1
      SAS/IML 14.1
      SAS/QC 14.1

NOTE: Additional host information:

 X64_8HOME WIN 6.2.9200  Workstation

NOTE: SAS initialization used:
      real time           4.93 seconds
      cpu time            1.46 seconds

NOTE: Unable to open SASUSER.REGSTRY. WORK.REGSTRY will be opened instead.
NOTE: All registry changes will be lost at the end of the session.
WARNING: Unable to copy SASUSER registry to WORK registry. Because of this,
WARNING: you will not see registry customizations during this session.
NOTE: Unable to open SASUSER.PROFILE. WORK.PROFILE will be opened instead.
NOTE: All profile changes will be lost at the end of the session.
NOTE: This SAS session is using a registry in WORK.  All changes will be lost at the end of this session.
NOTE: Unable to open SASUSER.PROFILE. WORK.PROFILE will be opened instead.
NOTE: All profile changes will be lost at the end of the session.

1    Data paper;
2    input date  search_volume   AvgPrice_change volume_change   mood_price  mood_TWeconomic mood_government
2  ! mood_possibility    mood_global mood_investment;
3    datalines;

NOTE: SAS went to a new line when INPUT statement reached past the end of a line.
NOTE: The data set WORK.PAPER has 147 observations and 10 variables.
NOTE: DATA statement used (Total process time):
      real time           0.07 seconds
      cpu time            0.04 seconds


152  ;
NOTE: Writing HTML Body file: sashtml.htm
153  proc model data=paper;
154          exog search_volume volume_change    mood_price  mood_TWeconomic mood_government     mood_possibility
154! mood_global     mood_investment;
155           instruments _exog_;
156           parms b0 b1 b2 b3 b4 b5 b6 b7 b8;
157           AvgPrice_change = b0 + b1*search_volum + b2*volume_change + b3*mood_price + b4*mood_TWeconomic +
157! b5*mood_government + b6*mood_possibility +  b7*mood_global + b8*mood_investment;

158           fit AvgPrice_change / gmm kernel=(bart,11,0) vardef=n;
159           run;

ERROR: The number of parameters (10) is greater than the number of unique instruments (9) times the number of equations (
       1).
160           quit;

NOTE: The SAS System stopped processing this step because of errors.
NOTE: PROCEDURE MODEL used (Total process time):
      real time           0.52 seconds
      cpu time            0.20 seconds