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Modelling of palm oil export trend in Malaysia

Abas, Norzaida and Kamisan, Asrad and Abdul Halim, Syafrina (2017) Modelling of palm oil export trend in Malaysia. Journal of Advanced Research in Business and Management Studies, 8 (2). pp. 7-11. ISSN 2462-1935

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Oil palm is one of the important export crops of Malaysia. In addition, oil palm industry contributes significantly to the country’s wellbeing by being one of the main contributors to the Gross National Product and provides employments. In this study, time series technique is used to analyse and forecast palm oil exports of Malaysia. While various studies are available on modelling of palm oil, very few studies are found focusing on the modelling of palm oil exports. Model based on multiplicative decomposition method is employed to analyse the monthly exports. Time series data from January 2012 to April 2017 are transformed through a series of procedures to decompose the data into seasonal and trend components. Subsequently, the constructed model is used to make forecasting of future export for several months. Results show that the model is able to replicate the pattern of the observed data. A slight negative trend is detected for the export values. The overall forecasted export values show there is some small fluctuation between the months.

Item Type: Article (Journal)
Additional Information: 7337/58339
Uncontrolled Keywords: Oil palm, export, time series, multiplicative method
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD9000 Special industries and trades
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Engineering > Department of Science
Depositing User: Dr Syafrina Abdul Halim
Date Deposited: 13 Sep 2017 11:38
Last Modified: 13 Sep 2017 11:38
URI: http://irep.iium.edu.my/id/eprint/58339

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