Factors that affect crude palm oil (CPO) prices in Malaysia / Norhalili Mohd Hidzir

In the economy, there are many factors that may affect the changes of crude palm oil prices in Malaysia. It may be affected by internal or external factors. However, to find the best variable that cause the changes prices of crude palm oil are still become the biggest question. This research is the...

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Bibliographic Details
Main Author: Mohd Hidzir, Norhalili
Format: Thesis
Language:English
Published: 2017
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/99707/1/99707.pdf
https://ir.uitm.edu.my/id/eprint/99707/
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Summary:In the economy, there are many factors that may affect the changes of crude palm oil prices in Malaysia. It may be affected by internal or external factors. However, to find the best variable that cause the changes prices of crude palm oil are still become the biggest question. This research is the study of analyzing the data in commodity agriculture industry. The purpose of this study is to analyze the factors that affect the crude palm oil (CPO) price in Malaysia. This project paper is carried out to providing better understanding for the readers regarding the factors that will affect the price of Crude Palm Oil in Malaysia. The variable that be involved under this research is the dependent variable which is crude palm oil (CPO) price and the independent variable which are palm oil supply (exports), palm oil demand (imports), foreign exchange and interest rate. The study period for this study is from 1982 until 2015 and the data were collected for 34 years. This research is conducted by using time series data. The method used for this research is Unit root test to see whether the data is stationary or vice versa. There are also Regression Analysis, Correlation Analysis and Descriptive Analysis. Furthermore, the are other test involved which are Normality test, Auto correlation Test, Heteroscedasticity Test, Multicollinearity Test and RAMSEY Reset Test. The test will be done between dependent and independent variable.