Replacement procedure for proc model

JohnRidge — Tue, 22 Aug 2017 17:53:20 GMT

Hi,

Previously I used the proc model procedure to get newey west corrected standard errors. However at my new employer the proc model procudure is not recognised (we are running SAS 9.4 / SAS Enterprise Guide 7.1). Can anyone recommend an alternative procedure? Here is the codeI was running:

ods trace on;

proc model data=WORK.GFC_COMMONALITY_DATA;

endo ChgPropBidAsk;

exog WeightedChgPropBidAsk_Sum;

instruments _exog_;

parms b0 b1;

ChgPropBidAsk =b0 + b1*WeightedChgPropBidAsk_Sum;

fit ChgPropBidAsk / gmm kernel=(bart,3,0) vardef=n;

by LXID;

run;

ods trace off;

ods output ParameterEstimates=want;

proc model data=WORK.GFC_COMMONALITY_DATA;

endo ChgPropBidAsk;

exog WeightedChgPropBidAsk_Sum;

instruments _exog_;

parms b0 b1;

ChgPropBidAsk =b0 + b1*WeightedChgPropBidAsk_Sum;

fit ChgPropBidAsk / gmm kernel=(bart,3,0) vardef=n;

by LXID;

run;

ods output close;

Many Thanks!

John

Re: Replacement procedure for proc model

Rick_SAS — Thu, 24 Aug 2017 14:06:17 GMT

To clarify: PROC MODEL is part of SAS/ETS software. It sounds like your new employee does not have a license for SAS/ETS.

topic Replacement procedure for proc model in SAS Forecasting and Econometrics

Replacement procedure for proc model

Re: Replacement procedure for proc model