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 language | English |
|---|---|
| Title of host publication | AIP Conference Proceedings |
| Publisher | American Institute of Physics Inc. |
| Pages | 843-848 |
| Number of pages | 6 |
| Volume | 1635 |
| ISBN (Print) | 9780735412743 |
| DOIs | |
| Publication status | Published - 2014 |
| Event | 3rd International Conference on Quantitative Sciences and Its Applications: Fostering Innovation, Streamlining Development, ICOQSIA 2014 - Langkawi, Kedah Duration: 12 Aug 2014 → 14 Aug 2014 |
Other
| Other | 3rd International Conference on Quantitative Sciences and Its Applications: Fostering Innovation, Streamlining Development, ICOQSIA 2014 |
|---|---|
| City | Langkawi, Kedah |
| Period | 12/8/14 → 14/8/14 |
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Keywords
- Maximum Likelihood Estimation
- mixture of normal distribution
- Newton-Raphson algorithm
- Palm oil
ASJC Scopus subject areas
- Physics and Astronomy(all)
Cite this
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 proceeding › Conference contribution
}
TY - GEN
T1 - Two-component mixture model
T2 - Application to palm oil and exchange rate
AU - Phoong, Seuk Yen
AU - Ismail, Mohd Tahir
AU - Mohamad Hamzah, Firdaus
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
KW - Maximum Likelihood Estimation
KW - mixture of normal distribution
KW - Newton-Raphson algorithm
KW - Palm oil
UR - http://www.scopus.com/inward/record.url?scp=84916608614&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84916608614&partnerID=8YFLogxK
U2 - 10.1063/1.4903681
DO - 10.1063/1.4903681
M3 - Conference contribution
SN - 9780735412743
VL - 1635
SP - 843
EP - 848
BT - AIP Conference Proceedings
PB - American Institute of Physics Inc.
ER -