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Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir

Recorded information and reports have demonstrated that fuel price changes can give an impact on the worldwide monetary movement and execution. Sharp increments in fuel costs is related to activating high expansion and being a danger to monetary strength. Undoubtedly, numerous examinations have disc...

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Main Authors: Roslan, Muhammad Asyraf, Tun Sri Lanan, Muhammad Shazwan, Wan Mohamad Nasir, Wan Mohamad Omar Syafiq
Format: Student Project
Language:English
Published: 2019
Subjects:
Statistical data
Mathematical statistics. Probabilities
Data processing
Analysis
Online Access:https://ir.uitm.edu.my/id/eprint/50010/1/50010.pdf
https://ir.uitm.edu.my/id/eprint/50010/
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spelling my.uitm.ir.500102021-09-02T04:12:22Z https://ir.uitm.edu.my/id/eprint/50010/ Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir Roslan, Muhammad Asyraf Tun Sri Lanan, Muhammad Shazwan Wan Mohamad Nasir, Wan Mohamad Omar Syafiq Statistical data Mathematical statistics. Probabilities Data processing Analysis Recorded information and reports have demonstrated that fuel price changes can give an impact on the worldwide monetary movement and execution. Sharp increments in fuel costs is related to activating high expansion and being a danger to monetary strength. Undoubtedly, numerous examinations have discovered that most monetary subsidence can be clarified by extraordinary increments in fuel costs. Because of the noteworthy impact of fuel costs on the worldwide economy, subjects identified with fuel value changes stay critical and keep on drawing in studies. In paper, the fuel issue is explored when it is the basic source of vitality used in the generation of many assembly items, then changes in fuel costs can affect the entire economy in the country. Next, the problem programming model suitable for use in its internal function has been discussed. To solve this problem, the satisfaction function for the interval problem is used on objective function and using Granger test to obtain stationary observation solution. Next, the Box-Jenkins is used to get the model. The sensitivity analysis of the proposed decision model is implemented. The ARIMA ( 1,2, I) has been chosen as the best model chosen through Box-Jenkins characteristic. Therefore it can be concluded that, ARfMA ( 1,2, I) can be used in terms of model characteristics and predictions. 2019 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/50010/1/50010.pdf ID50010 Roslan, Muhammad Asyraf and Tun Sri Lanan, Muhammad Shazwan and Wan Mohamad Nasir, Wan Mohamad Omar Syafiq (2019) Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Statistical data
Mathematical statistics. Probabilities
Data processing
Analysis
spellingShingle Statistical data
Mathematical statistics. Probabilities
Data processing
Analysis
Roslan, Muhammad Asyraf
Tun Sri Lanan, Muhammad Shazwan
Wan Mohamad Nasir, Wan Mohamad Omar Syafiq
Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir
description Recorded information and reports have demonstrated that fuel price changes can give an impact on the worldwide monetary movement and execution. Sharp increments in fuel costs is related to activating high expansion and being a danger to monetary strength. Undoubtedly, numerous examinations have discovered that most monetary subsidence can be clarified by extraordinary increments in fuel costs. Because of the noteworthy impact of fuel costs on the worldwide economy, subjects identified with fuel value changes stay critical and keep on drawing in studies. In paper, the fuel issue is explored when it is the basic source of vitality used in the generation of many assembly items, then changes in fuel costs can affect the entire economy in the country. Next, the problem programming model suitable for use in its internal function has been discussed. To solve this problem, the satisfaction function for the interval problem is used on objective function and using Granger test to obtain stationary observation solution. Next, the Box-Jenkins is used to get the model. The sensitivity analysis of the proposed decision model is implemented. The ARIMA ( 1,2, I) has been chosen as the best model chosen through Box-Jenkins characteristic. Therefore it can be concluded that, ARfMA ( 1,2, I) can be used in terms of model characteristics and predictions.
format Student Project
author Roslan, Muhammad Asyraf
Tun Sri Lanan, Muhammad Shazwan
Wan Mohamad Nasir, Wan Mohamad Omar Syafiq
author_facet Roslan, Muhammad Asyraf
Tun Sri Lanan, Muhammad Shazwan
Wan Mohamad Nasir, Wan Mohamad Omar Syafiq
author_sort Roslan, Muhammad Asyraf
title Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir
title_short Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir
title_full Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir
title_fullStr Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir
title_full_unstemmed Forecasting model of fuel price in Malaysia / Muhammad Asyraf Roslan , Muhammad Shazwan Tun Sri Lanang and Wan Mohamad Omar Syafiq Wan Mohamad Nasir
title_sort forecasting model of fuel price in malaysia / muhammad asyraf roslan , muhammad shazwan tun sri lanang and wan mohamad omar syafiq wan mohamad nasir
publishDate 2019
url https://ir.uitm.edu.my/id/eprint/50010/1/50010.pdf
https://ir.uitm.edu.my/id/eprint/50010/
_version_ 1710678949627953152
score 13.211869

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