Pengaruh Indeks Komoditi Exchange Terhadap Harga Tender Crude Palm Oil (CPO) dan Indeks Dow Jones Sebagai Moderating Variabel Studi Kasus pada PT. Kharisma Pemasaran Bersama (KPB) Nusantara

Abstract

The objective of the research was to analyze the influence of Exchange Commodity Index on te,uler price of Crude Palm Oil (CPO) and Dow Jones Index as moderating variable (a case study at PT Kharisma Pemasaran Bersama Nusantara. Secondary data consisted of daily. end price of CPO commodity index in Kuala Lumpur Commodity Exchange (KLCE), Chicago Board of Trade (CBOT) Soybean Index, Crude Oil Index in New York Mercantile Exchange (NYMEX), and Dow Jones Index. The data were gathered by using time series from January until December, 2013 with the population of 230 respondents and analyzed by using observation method with an SPSS software program and multiple regression analysis. The result of the descriptive research showed that the mean sample, maximum value, minimum value, and deviation sta,ulard (o) and the result of Kolmogorov-Smirnov test showed that the variables and models were dsistributed normally. The result of classic analysis showed that Adjusted If and coefficient determination were 0.927 or 92. 7% of the tender price of CPO could be explained by CPO KLCE Index, Soybean Oil CBOT Index, and Crude Oil NYMEX Index, and the remaining 7. 3% was explained by the other factors excluded from this research. Simultaneously, the explanatory variables had very significant influence at a = 5% on tender price of CPO at PT Kharisma Pemasaran Bersama Nusantara. From the coefficient of each variable, it was found that there was significant influence of the variables of CPO KLCE Index, Soybean Oil CBOT Index, and Crude Oil NYMEX Index on tender price of CPO at PT Kharisma Pemasaran Bersama Nusantara, while Dow Jones Index was moderating variable which strenghtened the influence of KLCE Index on tender price of CPO. In other words, by paying attention to Dow Jones Index, the estimation of tender price of CPO, based on the vaue of CPO KLCE Index, was better.