Programming the statistical procedures from SAS

GMM Error Message

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GMM Error Message



I have attempted to run the GMM option in Proc Panel with no success. I receive the following warning and error messages: 


WARNING: ARTEST exceeds the maximum feasible value. The value has been set to ARTEST=0.
ERROR: No residual in the model to analyze. Computations will not be performed.


The following is my code in SAS 9.4:

proc panel data=ncaa;
inst depvar;
model pctcapac = lag_pct winpct absolute sos totalpts/ gmm;
id school year;


After reading previous posts on this issue, I thought my problem was due to missing data, so I created my own lags of the dependent variable and made sure to delete any gaps in the dataset. That did not work, unfortunately.


Any help would be appreciated. 

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