International Journal of Quantitative Research and Modeling
Vol. 6 No. 3 (2025): International Journal of Quantitative Research and Modeling (IJQRM)

The Effect of Macroeconomic Variables on Indonesia's Import Value Using the OLS Method

Januaviani, Trisha Magdalena Adelheid (Unknown)
Kalfin (Unknown)
Hutabarat, Aned Miranda (Unknown)
Nikita (Unknown)
Musdaifah, Selvy (Unknown)
Nacong, Nasria (Unknown)



Article Info

Publish Date
26 Sep 2025

Abstract

This study analyzes the factors influencing Indonesia’s import value during the period 2021–2025 using the Ordinary Least Squares (OLS) method. To ensure the validity of the model, a series of classical assumption tests were conducted in accordance with the Best Linear Unbiased Estimator (BLUE) criteria, including tests for normality, multicollinearity, heteroscedasticity, and autocorrelation. The data were obtained from official publications of the Central Statistics Agency (BPS) and other relevant sources. The estimation results demonstrate that the independent variables, namely the exchange rate (X₁), national income (X₂), foreign exchange reserves (X₃), inflation rate (X₄), and interest rate (X₅), exert varying effects on Indonesia’s import value, with certain variables exhibiting significant influence while others remain insignificant. The model is free from violations of the classical assumptions, thereby meeting the criteria of the Best Linear Unbiased Estimator (BLUE). Keywords: Import Value, OLS, Classical Assumption Tests, Macroeconomics

Copyrights © 2025






Journal Info

Abbrev

ijqrm

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Engineering Environmental Science Physics

Description

International Journal of Quantitative Research and Modeling (IJQRM) is published 4 times a year and is the flagship journal of the Research Collaboration Community (RCC). It is the aim of IJQRM to present papers which cover the theory, practice, history or methodology of Quatitative Research (QR) ...