Indian Journal of Science and Technology

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Modeling Rubber Prices as a GBM Process


Affiliations
1 Department of Mathematics, Faculty of Science, Universiti Putra Malaysia, 43400 UPM Serdang, Selangor, Malaysia
 

This paper shows that the prices of rubber type SMR and type centrifuged latex can be modeled as a geometric Brownian motion process. A numerical simulation of the prices of the rubbers is given to illustrate the approach.

Keywords

Forecasting, Geometric Brownian Motion, Numerical Simulation, Rubber Prices.
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  • Modeling Rubber Prices as a GBM Process

Abstract Views: 131  |  PDF Views: 0

Authors

Siti Nur Iqmal Ibrahim
Department of Mathematics, Faculty of Science, Universiti Putra Malaysia, 43400 UPM Serdang, Selangor, Malaysia

Abstract


This paper shows that the prices of rubber type SMR and type centrifuged latex can be modeled as a geometric Brownian motion process. A numerical simulation of the prices of the rubbers is given to illustrate the approach.

Keywords


Forecasting, Geometric Brownian Motion, Numerical Simulation, Rubber Prices.



DOI: https://doi.org/10.17485/ijst%2F2016%2Fv9i28%2F133447