International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS)
Vol. 4 No. 5 (2024): October

ANALYSIS OF WHEAT FLOUR DEMAND IN MEDAN CITY

Ummul Hikmah Saragih (Unknown)
Dian Hafizah (Unknown)



Article Info

Publish Date
16 Oct 2024

Abstract

This study analyzes the demand for wheat flour in Medan City, with the aim of determining the effect of wheat flour prices and income on demand. Using the Marshallian Linear Demand model, the data used covers the period 2018-2023. The results of the analysis show that wheat flour prices have a significant effect on demand, with a coefficient of 0.165, while the effect of income is not significant with a coefficient of 0.016. The regression model used shows an R-squared value of 0.842, indicating that this model is able to explain 84.2% of the variation in wheat flour demand. The classical assumption test shows that there are no problems of multicollinearity, heteroscedasticity, and autocorrelation, and the data is normally distributed. These findings provide insight into the dynamics of wheat flour demand and its implications for marketing strategies in the agricultural sector.

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Journal Info

Abbrev

IJEBAS

Publisher

Subject

Economics, Econometrics & Finance

Description

This journal aims to examine new breakthroughs and current issues regarding advances in science and technology in the fields of Economics, Business, Sharia Administration, Accounting and Agriculture ...