Modelling of palm oil export trend in Malaysia

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...

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Main Authors:	Abas, Norzaida, Kamisan, Asrad, Abdul Halim, Syafrina
Format:	Article
Language:	English
Published:	New Academia Press 2017
Subjects:	HD9000 Special industries and trades
Online Access:	http://irep.iium.edu.my/58339/ http://irep.iium.edu.my/58339/ http://irep.iium.edu.my/58339/1/ARBMSV8_N2_P7_11.pdf

id	iium-58339
recordtype	eprints
spelling	iium-583392017-09-13T03:38:34Z http://irep.iium.edu.my/58339/ Modelling of palm oil export trend in Malaysia Abas, Norzaida Kamisan, Asrad Abdul Halim, Syafrina HD9000 Special industries and trades 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. New Academia Press 2017-08-25 Article PeerReviewed application/pdf en http://irep.iium.edu.my/58339/1/ARBMSV8_N2_P7_11.pdf 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 http://www.akademiabaru.com/doc/ARBMSV8_N2_P7_11.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HD9000 Special industries and trades
spellingShingle	HD9000 Special industries and trades Abas, Norzaida Kamisan, Asrad Abdul Halim, Syafrina Modelling of palm oil export trend in Malaysia
description	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.
format	Article
author	Abas, Norzaida Kamisan, Asrad Abdul Halim, Syafrina
author_facet	Abas, Norzaida Kamisan, Asrad Abdul Halim, Syafrina
author_sort	Abas, Norzaida
title	Modelling of palm oil export trend in Malaysia
title_short	Modelling of palm oil export trend in Malaysia
title_full	Modelling of palm oil export trend in Malaysia
title_fullStr	Modelling of palm oil export trend in Malaysia
title_full_unstemmed	Modelling of palm oil export trend in Malaysia
title_sort	modelling of palm oil export trend in malaysia
publisher	New Academia Press
publishDate	2017
url	http://irep.iium.edu.my/58339/ http://irep.iium.edu.my/58339/ http://irep.iium.edu.my/58339/1/ARBMSV8_N2_P7_11.pdf
first_indexed	2023-09-18T21:22:29Z
last_indexed	2023-09-18T21:22:29Z
_version_	1777411974387204096

Modelling of palm oil export trend in Malaysia

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