eprintid: 15571 rev_number: 2 eprint_status: archive userid: 1 dir: disk0/00/01/55/71 datestamp: 2023-11-10 03:30:12 lastmod: 2023-11-10 03:30:12 status_changed: 2023-11-10 01:59:49 type: conference_item metadata_visibility: show creators_name: Sarpong-Streetor, R.M.N.Y. creators_name: Sokkalingam, R. creators_name: Othman, M. creators_name: Daud, H. creators_name: Owusu, D.A. title: ARIMAX Modelling of Ron97 Price with Crude Oil Price as an Exogenous Variable in Malaysian ispublished: pub note: cited By 0; Conference of 6th International Conference on Fundamental and Applied Sciences, ICFAS 2020 ; Conference Date: 13 July 2021 Through 15 July 2021; Conference Code:270909 abstract: Malaysiaâ��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. date: 2021 publisher: Springer Science and Business Media B.V. official_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 id_number: 10.1007/978-981-16-4513-6₅₉ full_text_status: none publication: Springer Proceedings in Complexity pagerange: 679-691 refereed: TRUE isbn: 9789811645129 issn: 22138684 citation: 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.