ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian

Malaysia�s petroleum fuel pricing policy has shuffled between Automatic Adjusted Formula (APM) and Managed Float System (MFS). One major problem in forecasting fuel prices is the use of the structural model. The model uses an input or independent variable, the refined fuel price also known as Mean...

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Main Authors: Sarpong-Streetor, R.M.N.Y., Sokkalingam, R., Othman, M., Daud, H., Owusu, D.A.
Format: Conference or Workshop Item
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.29302 /
Published: Springer Science and Business Media B.V. 2021
Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85123277390&doi=10.1007%2f978-981-16-4513-6_59&partnerID=40&md5=8794418746e0a262772cb4fbe8376056
http://eprints.utp.edu.my/29302/
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spelling utp-eprints.293022022-03-25T01:33:35Z ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian Sarpong-Streetor, R.M.N.Y. Sokkalingam, R. Othman, M. Daud, H. Owusu, D.A. Malaysia�s petroleum fuel pricing policy has shuffled between Automatic Adjusted Formula (APM) and Managed Float System (MFS). One major problem in forecasting fuel prices is the use of the structural model. The model uses an input or independent variable, the refined fuel price also known as Mean of Platts Singapore (MOPS). MOPS is published regularly but is sold, which makes it inaccessible to a section of forecasters in Malaysia. In this paper, we suggest an alternative method of forecasting Ron97 price by applying the time series method, Autoregressive Integrated Moving Average with Explanatory Variable (ARIMAX) to model and forecast Ron97 price in Malaysia using publicly available data. © 2021, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. Springer Science and Business Media B.V. 2021 Conference or Workshop Item NonPeerReviewed https://www.scopus.com/inward/record.uri?eid=2-s2.0-85123277390&doi=10.1007%2f978-981-16-4513-6_59&partnerID=40&md5=8794418746e0a262772cb4fbe8376056 Sarpong-Streetor, R.M.N.Y. and Sokkalingam, R. and Othman, M. and Daud, H. and Owusu, D.A. (2021) ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian. In: UNSPECIFIED. http://eprints.utp.edu.my/29302/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
description Malaysia�s petroleum fuel pricing policy has shuffled between Automatic Adjusted Formula (APM) and Managed Float System (MFS). One major problem in forecasting fuel prices is the use of the structural model. The model uses an input or independent variable, the refined fuel price also known as Mean of Platts Singapore (MOPS). MOPS is published regularly but is sold, which makes it inaccessible to a section of forecasters in Malaysia. In this paper, we suggest an alternative method of forecasting Ron97 price by applying the time series method, Autoregressive Integrated Moving Average with Explanatory Variable (ARIMAX) to model and forecast Ron97 price in Malaysia using publicly available data. © 2021, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
format Conference or Workshop Item
author Sarpong-Streetor, R.M.N.Y.
Sokkalingam, R.
Othman, M.
Daud, H.
Owusu, D.A.
spellingShingle Sarpong-Streetor, R.M.N.Y.
Sokkalingam, R.
Othman, M.
Daud, H.
Owusu, D.A.
ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian
author_sort Sarpong-Streetor, R.M.N.Y.
title ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian
title_short ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian
title_full ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian
title_fullStr ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian
title_full_unstemmed ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian
title_sort arimax modelling of ron97 price with crude oil price as an exogenous variable in malaysian
publisher Springer Science and Business Media B.V.
publishDate 2021
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85123277390&doi=10.1007%2f978-981-16-4513-6_59&partnerID=40&md5=8794418746e0a262772cb4fbe8376056
http://eprints.utp.edu.my/29302/
_version_ 1741197220047224832
score 11.62408

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