APPLICATIONS OF THEORIES OF COMPLEXITY AND CHAOS TO GOLD PRICES
Öz
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.
Anahtar Kelimeler
Kaynakça
- Alptekin, V., Güvenek, B. & Boyacıoğlu, M. A. (2010). Modelling volatility of the gold prices by using generalized autoregressive conditional heteroscedasticity method: The Case of Turkey. Journal of Academic Research in Economics, Vol:1.
- Chatrath, A., Adrangi, B. & Shank, T. (2001) Nonlinear dependence in gold and silver futures: Is it chaos? , The American Economist, Vol:45 (2).
- Frear, D. (2011). The effect of change on management planning: Applying chaos theory. International Journal of Business and Social Sciences, Vol. 3, No. 14.
- Grassberger, P. & Procaccia I. (1983). Dimension and entropies of strange attractors from a fluctuating dynamics approach. Physica, 13, pp:34-54.
- Ismail, Z., Yahya, A. & Shabri, A. (2009). Forecasting gold prices using multiple linear regression method. American Journal of Applied Sciences 5 (8): 1509- 1514.
- Jinguang, W. & Li, M. (2008). A study on transmission mechanism of financial supervision with chaos Theory. Canadian Social Science, Vol. 6, No.2,
- Karaçalı, Ö. & Demirci, H. İ. (2009). Application of chaos theory to data modelling method based on the alternative scenarios manufacturing information systems. Teknoloji, 7 (2), 123-132.
- Kearney, A. & Lombra, R. (2008). Nonneutral short-run effects of derivatives on gold prices. Applied Financial Economics, 8, 985-994.
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
Araştırma Makalesi
Yazarlar
Yayımlanma Tarihi
30 Haziran 2018
Gönderilme Tarihi
29 Mart 2018
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2018 Cilt: 9 Sayı: 17