Two-component mixture model

Application to palm oil and exchange rate

Seuk Yen Phoong, Mohd Tahir Ismail, Firdaus Mohamad Hamzah

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Palm oil is a seed crop which is widely adopt for food and non-food products such as cookie, vegetable oil, cosmetics, household products and others. Palm oil is majority growth in Malaysia and Indonesia. However, the demand for palm oil is getting growth and rapidly running out over the years. This phenomenal cause illegal logging of trees and destroy the natural habitat. Hence, the present paper investigates the relationship between exchange rate and palm oil price in Malaysia by using Maximum Likelihood Estimation via Newton-Raphson algorithm to fit a two components mixture model. Besides, this paper proposes a mixture of normal distribution to accommodate with asymmetry characteristics and platykurtic time series data.

Original languageEnglish
Title of host publicationAIP Conference Proceedings
PublisherAmerican Institute of Physics Inc.
Pages843-848
Number of pages6
Volume1635
ISBN (Print)9780735412743
DOIs
Publication statusPublished - 2014
Event3rd International Conference on Quantitative Sciences and Its Applications: Fostering Innovation, Streamlining Development, ICOQSIA 2014 - Langkawi, Kedah
Duration: 12 Aug 201414 Aug 2014

Other

Other3rd International Conference on Quantitative Sciences and Its Applications: Fostering Innovation, Streamlining Development, ICOQSIA 2014
CityLangkawi, Kedah
Period12/8/1414/8/14

Fingerprint

oils
Malaysia
Indonesia
vegetables
habitats
crops
products
normal density functions
food
newton
seeds
asymmetry
causes

Keywords

  • Maximum Likelihood Estimation
  • mixture of normal distribution
  • Newton-Raphson algorithm
  • Palm oil

ASJC Scopus subject areas

  • Physics and Astronomy(all)

Cite this

Phoong, S. Y., Ismail, M. T., & Mohamad Hamzah, F. (2014). Two-component mixture model: Application to palm oil and exchange rate. In AIP Conference Proceedings (Vol. 1635, pp. 843-848). American Institute of Physics Inc.. https://doi.org/10.1063/1.4903681

Two-component mixture model : Application to palm oil and exchange rate. / Phoong, Seuk Yen; Ismail, Mohd Tahir; Mohamad Hamzah, Firdaus.

AIP Conference Proceedings. Vol. 1635 American Institute of Physics Inc., 2014. p. 843-848.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Phoong, SY, Ismail, MT & Mohamad Hamzah, F 2014, Two-component mixture model: Application to palm oil and exchange rate. in AIP Conference Proceedings. vol. 1635, American Institute of Physics Inc., pp. 843-848, 3rd International Conference on Quantitative Sciences and Its Applications: Fostering Innovation, Streamlining Development, ICOQSIA 2014, Langkawi, Kedah, 12/8/14. https://doi.org/10.1063/1.4903681
Phoong SY, Ismail MT, Mohamad Hamzah F. Two-component mixture model: Application to palm oil and exchange rate. In AIP Conference Proceedings. Vol. 1635. American Institute of Physics Inc. 2014. p. 843-848 https://doi.org/10.1063/1.4903681
Phoong, Seuk Yen ; Ismail, Mohd Tahir ; Mohamad Hamzah, Firdaus. / Two-component mixture model : Application to palm oil and exchange rate. AIP Conference Proceedings. Vol. 1635 American Institute of Physics Inc., 2014. pp. 843-848
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