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2022 | OriginalPaper | Chapter

Modeling the Management and Efficiency of the Speculative Capital Market

Authors : George Abuselidze, Olena Kireitseva, Oksana Sydorenko, Viktor Gryschko, Mariia Hunchenko

Published in: Computational Science and Its Applications – ICCSA 2022

Publisher: Springer International Publishing

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Abstract

The paper proves that as a result of the experience accumulation in using rigidly deterministic models, real opportunities have been created for the successful application of a more advanced methodology promoting modeling economic processes to consider stochastic and uncertainty: carrying out multivariate calculations and model experiments with a variation of the model design and its initial data; studying stability and reliability of the obtained solutions, identifying the zone of uncertainty, including reserves in the model: the use of techniques increasing the adaptability of the economic decisions in probable and unforeseen situations. The study outlines the general classification of economic and mathematical models including more than ten main features with the development of economic and mathematical research. The process of integration of different types models into more complex model constructions is carried out. It has also been proven that the formulated mathematical problem of the economic analysis can be solved by one of the most developed mathematical methods. It is emphasized that economic cybernetics makes it possible to analyze economic phenomena and processes as very complex systems from the point of view of the laws and mechanisms of control and the movement of information in them. It has been proven that many economic processes are studied by using econometric models, including ARMA models (mixed process of auto regression and moving average), GARCH (regressive models with conditional heteroscedastic errors), ECM (deviation correction models) and VAR (vector auto regression models). Accordingly, one of the important achievements is the ability to illustrate, using the constructed model, medium-term periodic fluctuations in technological changes and resource utilization due to external shocks associated with the development of technologies.

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Title: Modeling the Management and Efficiency of the Speculative Capital Market
Authors: George Abuselidze
Olena Kireitseva
Oksana Sydorenko
Viktor Gryschko
Mariia Hunchenko
Publisher: Springer International Publishing
Book: Computational Science and Its Applications – ICCSA 2022
Print ISBN: 978-3-031-10449-7

Electronic ISBN: 978-3-031-10450-3

Copyright Year: 2022
DOI: https://doi.org/10.1007/978-3-031-10450-3_3

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