APPLICATIONS OF THEORIES OF COMPLEXITY AND CHAOS TO GOLD PRICES

Özet

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.