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Sub SemiV()

markets = Val(InputBox("Number of markets:", "Settings", 9))


nr = Val(InputBox("Number of observations:", "Settings", 3873))
For j = 1 To markets
k=0
For i = 2 To nr + 1
If Cells(i, j) < Cells(nr + 3, j) Then
Cells(k + 2, j + markets) = Cells(i, j)
k=k+1
End If
Next i
Cells(nr + 4, j) = WorksheetFunction.Var(Range(Cells(2, j + markets), Cells(k + 2,
j + markets)))
Next j
MsgBox "Ready!", vbInformation, "Settings"

End Sub

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