APPLICATIONS OF THEORIES OF COMPELEXITY AND CHAOS TO GOLD PRICES


Creative Commons License

ÇAĞLAR S. H.

KAFKAS ÜNİVERSİTESİ İKTİSADİ ve İDARİ BİLİMLER FAKÜLTESİ DERGİSİ , vol.9, no.17, pp.181-190, 2018 (Peer-Reviewed Journal) identifier

Abstract

Chaos theory isconsidered as a new subject in understanding nonlinear system’s dynamic behaviours. Chaostheorem is used in several fields such asmathematics, physics, chemistry as well as infinance and economics sector. Although, there isa enourmous demand for gold, gold prices arevolatile because of different reasons. Thisvolatility chould be reduced by chaos theory.Also, the aim is to show whether gold prices datashows any chaotic behavior or not.