APPLICATIONS OF THEORIES OF COMPLEXITY AND CHAOS TO GOLD PRICES

Year 2018, Volume: 9 Issue: 17, 181 - 190, 30.06.2018

S.hikmet Çağlar

Abstract

Chaos theory is considered as a new subject in
understanding non linear system’s dynamic behaviours. Chaos theorem is used in
several fields such as mathematics, physics, chemistry as well as  in finance and economics sector. Although,
there is a enourmous demand for gold,  
gold prices are volatile because of different reasons. This volatility
chould be reduced by chaos theory. Also, the aim is to show whether gold prices
data shows any chaotic behavior or not.

Keywords

Chaos Theory, Gold Prices, Complexity, Forecasting, Non-Linear Dynamic Systems

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