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Finance and Credit
 

Fractal model of dynamics of oil prices in 2008 - the beginning 2009 and the prognosis of oil prices on its ground

Vol. 15, Iss. 28, JULY 2009

Available online: 17 September 2009

Subject Heading: Modelling of the prices

JEL Classification: 

Kudinov A.N. professor, head of chair «Mathematical modeling», Tver State University
(910) 646-12-30

Shazina O.I. Tver State University

Tsvetkov V.P. professor, head of chair «General mathematics and mathematical physics », Tver State University
(910) 646-12-30

Tsvetkov I.V. associate professor of chair «Economics and manufacturing management», Tver State University
mancu@mail.ru

In work the fractal analysis of dynamics of oil prices in 2008 and 2009 during which one strong flights and falls in prices on petroleum took place, on a ground before the paper of mathematical model designed by authors is made. Two plots of curve dynamics of the petroleum prices and for them a defined value of factors of rectilinear trend and fractal dimension are revealed. The oil price prognosis on the extremity of 2009 is made.

Keywords: fractal analysis, oil price dynamic, crisis

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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