Modelling the factors affecting the export demand for Malaysia palm oil

The main purpose of this thesis is to model the export demand on the Malaysia's palm oil based on the existing market variables regarding palm oil. The data collected were from the 2008 until 2018 mainly from Malaysian Palm Oil Board (MPOB) database. Price of palm oil (CPO price), production of...

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Main Author:	Nur Aliyah Jazuli Wilaksono
Format:	Thesis
Language:	English English
Published:	2020
Subjects:	HD9000-9495 Agricultural industries
Online Access:	https://eprints.ums.edu.my/id/eprint/42269/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/42269/2/FULLTEXT.pdf
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spelling	my-ums-ep.422692024-12-16T04:11:36Z Modelling the factors affecting the export demand for Malaysia palm oil 2020 Nur Aliyah Jazuli Wilaksono HD9000-9495 Agricultural industries The main purpose of this thesis is to model the export demand on the Malaysia's palm oil based on the existing market variables regarding palm oil. The data collected were from the 2008 until 2018 mainly from Malaysian Palm Oil Board (MPOB) database. Price of palm oil (CPO price), production of palm oil, price of oils and fats substitutes, food and non-food production containing palm oil as raw materials, number of population, total area planted of palm oil, number of palm oil mills, number of refinery plant, number of oleochemical plant, number of biodiesel plant, import demand for palm oil including the exchange rate and GDP of palm oil in countries are selected as the independent factors of the study. Export demand is measured through the data obtained on the amount of palm oil exported measured in tonnes using monthly timeframe. Regression using Ordinary Least Squares (OLS) and Autoregressive Integrated Moving Average with Exogenous Variables (ARIMAX) are used to determine the relationship between the studied factors and the palm oil export demand. Result obtained states that production of palm oil, production of palm oil derivatives such as RBD palm olein and PFAD and the price of palm substitutes which is fish oil affects the Malaysian palm oil export demand significantly. The goodness of fit tests and root mean square error (RMSE) have been carried out to test the validity of the best models for both OLS and ARIMAX respectively and the outcome affirms the best model is in an acceptable range. 2020 Thesis https://eprints.ums.edu.my/id/eprint/42269/ https://eprints.ums.edu.my/id/eprint/42269/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/42269/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Fakulti Sains dan Sumber Alam
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HD9000-9495 Agricultural industries
spellingShingle	HD9000-9495 Agricultural industries Nur Aliyah Jazuli Wilaksono Modelling the factors affecting the export demand for Malaysia palm oil
description	The main purpose of this thesis is to model the export demand on the Malaysia's palm oil based on the existing market variables regarding palm oil. The data collected were from the 2008 until 2018 mainly from Malaysian Palm Oil Board (MPOB) database. Price of palm oil (CPO price), production of palm oil, price of oils and fats substitutes, food and non-food production containing palm oil as raw materials, number of population, total area planted of palm oil, number of palm oil mills, number of refinery plant, number of oleochemical plant, number of biodiesel plant, import demand for palm oil including the exchange rate and GDP of palm oil in countries are selected as the independent factors of the study. Export demand is measured through the data obtained on the amount of palm oil exported measured in tonnes using monthly timeframe. Regression using Ordinary Least Squares (OLS) and Autoregressive Integrated Moving Average with Exogenous Variables (ARIMAX) are used to determine the relationship between the studied factors and the palm oil export demand. Result obtained states that production of palm oil, production of palm oil derivatives such as RBD palm olein and PFAD and the price of palm substitutes which is fish oil affects the Malaysian palm oil export demand significantly. The goodness of fit tests and root mean square error (RMSE) have been carried out to test the validity of the best models for both OLS and ARIMAX respectively and the outcome affirms the best model is in an acceptable range.
format	Thesis
qualification_level	Master's degree
author	Nur Aliyah Jazuli Wilaksono
author_facet	Nur Aliyah Jazuli Wilaksono
author_sort	Nur Aliyah Jazuli Wilaksono
title	Modelling the factors affecting the export demand for Malaysia palm oil
title_short	Modelling the factors affecting the export demand for Malaysia palm oil
title_full	Modelling the factors affecting the export demand for Malaysia palm oil
title_fullStr	Modelling the factors affecting the export demand for Malaysia palm oil
title_full_unstemmed	Modelling the factors affecting the export demand for Malaysia palm oil
title_sort	modelling the factors affecting the export demand for malaysia palm oil
granting_institution	Universiti Malaysia Sabah
granting_department	Fakulti Sains dan Sumber Alam
publishDate	2020
url	https://eprints.ums.edu.my/id/eprint/42269/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/42269/2/FULLTEXT.pdf
_version_	1818611454859804672

Modelling the factors affecting the export demand for Malaysia palm oil

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