Crude Palm Oil Price Forecasting in Malaysia: An Econometric Approach
Norlin Khalid
· Hakimah Nur Ahmad Hamidi
· Sharmila Thinagar
· Nur Fakhzan Marwan (Universiti Teknologi MARA (UiTM) Kedah)
·Jurnal Ekonomi Malaysia ·2018
This paper aims to forecast the performance of crude palm oil price (CPO) in Malaysia by comparing several econometric forecasting techniques, namely Autoregressive Distributed Lag (ARDL), Autoregressive Integrated Moving Average (ARIMA) and Autoregressive Integrated Moving Average with exogenous inputs (ARIMAX). Using monthly time series data spanning from 2008 to 2017, the main results revealed that ARIMAX model is the most accurate and the most efficient model as compared to ARDL and ARIMA in forecasting the crude palm oil price. The results also show that the spot price of palm oil is highly influenced by stock of palm oil, crude petroleum oil price and soybean oil price. The empirical findings provide some insights for decision making and policy implementations, including the formulation of strategies to help the industry in dealing with the price changes and thus enable the Malaysian palm oil industry to continue dominating the international market.
Assessing Monstrous Fan in Malaysia: Present and Future
Raja Nor Firdaus Kashfi Raja Othman
· Nurfaezah Abdullah
· Amiruddin Ahamat
· Nor Aishah Md Zuki
· Fairul Azhar Abdul Shukor
· Kasrul Abdul Karim
·Journal of Open Innovation: Technology Market and Complexity ·2019
In the last few years, the monstrous fan has gained attention in this country for large space buildings and areas. The continuity of this product technology is important to allow it to be able to survive in the current and future market. However, there are limited studies on the present and future scenario of the monstrous fan, especially in Malaysia. Thus, the objective of this paper is to forecast its present technology, evaluating the market demand and future of the monstrous fan. For these reasons, an online survey was used to obtain feedback from suppliers and manufacturers to forecast the future of this product. In conclusion, the monstrous fan has been discussed and predicted, which can be beneficial for various parties including policy makers, government, business and technology players by representing a specific knowledge on the technical specificities of monstrous fans in Malaysia.