Citation
Hamdan, Zawin Najah and Ibrahim, Siti Nur Iqmal and Mustafa, Mohd Shafie
(2020)
Modelling Malaysian gold prices using geometric brownian motion model.
Advances in Mathematics: Scientific Journal, 9 (9).
7463 - 7469.
ISSN 1857-8365; ESSN: 1857-8438
Abstract
In this study, we use geometric Brownian motion, a mathematical model, to represent the future price path for Malaysian gold prices, namely Kijang Emas. We estimate the unknown parameters in the model, and we illustrate the accuracy of this method using a simulation method. The results obtained show that the proposed model is accurate by means of calculating the mean-absolute percentage error (MAPE) and forecast accuracy
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Science Institute for Mathematical Research |
| DOI Number: | https://doi.org/10.37418/amsj.9.9.92 |
| Publisher: | Union of researchers of Macedonia |
| Keywords: | Brownian motion; Stochastic model; Data analysis; Gold price; Forecasting |
| Depositing User: | Ms. Zaimah Saiful Yazan |
| Date Deposited: | 09 May 2024 03:21 |
| Last Modified: | 09 May 2024 03:21 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.37418/amsj.9.9.92 |
| URI: | http://psasir.upm.edu.my/id/eprint/86790 |
| Statistic Details: | View Download Statistic |
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