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The orion.prices data set contains price information for Orion Star products. Partial orion.

Please i need help on how to proceed with this problem, the professor, didnt explain well, nor the notes.



The orion.prices data set contains price information for Orion Star products.

Partial orion.prices (50 Total Observations)


    Product_ID      Unit_Price  Factor


  210200100009          $34.70    1.01

  210200100017          $40.00    1.01

  210200200023          $19.80    1.01

  210200600067          $67.00    1.01

  210200600085          $39.40    1.01

a.  Type DATA step to make a new data set that forecasts unit prices for the next three years. This data set contains three observations for each input observation read from orion.prices.

·   Open file p202e01. It reads orion.prices and creates a new data set named work.price_increase.

·   Use explicit OUTPUT statements to forecast unit prices for the next three years, using Factor as the annual rate of increase.

b.  Print the new data set.

·   Include only Product_ID, Unit_Price, and Year in the report.

·   Verify your results.

Partial PROC PRINT Output (150 Total Observations)

 Obs     Product_ID      Unit_Price   Year


  1   210200100009          $35.05     1

  2   210200100009          $35.40     2

  3   210200100009          $35.75     3

  4   210200100017          $40.40     1

5    210200100017          $40.80     2

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