1                                The SAS System      10:50 Friday, July 18, 2003

NOTE: Copyright (c) 1999-2001 by SAS Institute Inc., Cary, NC, USA. 
NOTE: SAS (r) Proprietary Software Release 8.2 (TS2M0)
      Licensed to DUKE UNIVERSITY, Site 0009733001.
NOTE: This session is executing on the WIN_PRO  platform.



NOTE: SAS initialization used:
      real time           0.23 seconds
      cpu time            0.20 seconds
      
1          options formchar='|-???+=|-/\<>*' linesize=64;
2          
3          data work00;
4             infile "annual4.dat";
5             input yyyy pr div ret qvar dur ndur serv pop
5        ! expinf irate;
6          

NOTE: The infile "annual4.dat" is:
      File Name=S:\annual4.dat,
      RECFM=V,LRECL=256

NOTE: 73 records were read from the infile "annual4.dat".
      The minimum record length was 107.
      The maximum record length was 107.
NOTE: The data set WORK.WORK00 has 73 observations and 11 
      variables.
NOTE: DATA statement used:
      real time           0.03 seconds
      cpu time            0.03 seconds
      

7          data work01; set work00;
8          
9             p   = log(pr/pop);
10            d   = log(div/pop);
11            c   = log(ndur+serv);
12            p1  = lag1(p);
13            c1  = lag1(c);
14            d1  = lag1(d);
15         
16            delc = c-c1;
17            pd = p-d;
18            dc = d-c;
19            v  = log(qvar);
20         
21            irate = irate/100;
22            excret = ret - irate - expinf;
23         
24            dc1   = lag1(dc);
25            delc1 = lag1(delc);
26            pd1   = lag1(pd);
2                        The SAS System
                                     10:50 Friday, July 18, 2003

27            v1    = lag1(v);
28            ret1  = lag1(ret);
29         

NOTE: Missing values were generated as a result of performing 
      an operation on missing values.
      Each place is given by: 
      (Number of times) at (Line):(Column).
      1 at 16:12   
NOTE: There were 73 observations read from the data set 
      WORK.WORK00.
NOTE: The data set WORK.WORK01 has 73 observations and 27 
      variables.
NOTE: DATA statement used:
      real time           0.01 seconds
      cpu time            0.00 seconds
      

30         data work02;
31           set work01;
32           if (yyyy < 1931) then delete;
33         

NOTE: There were 73 observations read from the data set 
      WORK.WORK01.
NOTE: The data set WORK.WORK02 has 71 observations and 27 
      variables.
NOTE: DATA statement used:
      real time           0.00 seconds
      cpu time            0.00 seconds
      

34         proc means data=work02;
35           var dc delc pd v ret irate expinf excret;
36         

NOTE: There were 71 observations read from the data set 
      WORK.WORK02.
NOTE: The PROCEDURE MEANS printed page 1.
NOTE: PROCEDURE MEANS used:
      real time           0.03 seconds
      cpu time            0.03 seconds
      

37         proc reg data=work02;
38           model dc   = dc1;
39           model delc = delc1;
40           model pd   = pd1;
41           model ret  = ret1;
42           model v    = v1;
43           model ret  = delc;
44           model ret  = delc delc1;
3                        The SAS System
                                     10:50 Friday, July 18, 2003

45           model excret  = delc;
46           model excret  = delc delc1;
47         
48         * model dc delc pd ret = dc1 delc1 pd1 ret1;
49         
NOTE: 71 observations read.
NOTE: 71 observations used in computations.
NOTE: The PROCEDURE REG printed pages 2-10.
NOTE: PROCEDURE REG used:
      real time           0.03 seconds
      cpu time            0.03 seconds
      

NOTE: SAS Institute Inc., SAS Campus Drive, Cary, NC USA 
      27513-2414
NOTE: The SAS System used:
      real time           0.34 seconds
      cpu time            0.29 seconds