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Crisis Forecasting in Ask and Bid Prices Formation Systems in Case of Precious Metals

Гл. 1. С. 11–18.
Dmitriev A., Markov N.

We proposed the nonlinear dynamic model of the formation of the market prices of precious metals based on the econophysic considerations. This model is a system of three ordinary differential equations relating the time dependence of elasticity, variations of bid and ask prices; it is similar to the Lorenz system. The areas of the dynamic stochasticity in experimental data were found with the comparing of the experimental and the theoretical ask and bid prices. These areas are the precursors of the crisis mode in the form of dynamic chaos.

Language: Russian
Full text
Keywords: dynamic systemsдинамические системыфинансовый кризисfinancial crisisscenario forecastingкраткосрочное прогнозирование

In book

Global Interdisciplinary Business-Economics Advancement Conference. Conference Proceeding
Global Interdisciplinary Business-Economics Advancement Conference. Conference Proceeding
Sarasota: University of South Florida Sarasota-Manatee, 2014.
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