Table I shows that the correlation of the price of CPO in
Bangkok, Thailand with the price of CPO in Malaysia and
local markets of Thailand, Krabi. Surat Thani and Chumphon
range from 66800to 66..1. This means that the prices of CPO
1. Data collection
2. Finding the relationship between Palm oil and other
variables
3. Build the model for forecasting
4. Testing the Model
5. Conclusion
International Journal of Computer Science and Electronics Engineering (IJCSEE) Volume 3, Issue 3 (2015) ISSN 2320–4028 (Online)
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in each market have a close relationship. They set the price of
CPO in Bangkok, Thailand was dependent on the variable (y),
The independent variable (x) is the price of pure palm oil in
Thailand and Malaysia. The price of soybean oil, the price of
ribbed smoked sheet grade 3 and the price of biodiesel is
shown in fig 4.