The influence of the Indonesian Coal Index (ICI) price and labor through coal production on coal sales

Abstract

This study aimed to examine the impact of Indonesian Coal Index (ICI) prices and labor on coal sales through coal production at PT. Victor Two Three Mega. A quantitative method with a correlational approach was employed for this research. Secondary data was collected and analyzed using SPSS version 29 and Microsoft Excel software, employing a path analysis model to represent latent variables. Classic Assumption tests were conducted to ensure the accuracy, unbiasedness, and consistency of the regression equation obtained. The Coefficient of Determination (R2) was utilized to gauge the degree of relationship, while Multiple Regression Analysis was employed to ascertain the relationship between various variables and predict outcomes. The findings indicate that the Indonesian Coal Index (ICI) price does not have a direct impact on coal sales, whereas labor demonstrates a direct effect on both coal sales and production. Additionally, the Indonesia Coal Index (ICI) price does not exert an indirect influence on coal sales through coal production, while labor exhibits an indirect effect on coal sales through coal production.