Indian Journal of Science and Technology
DOI: 10.17485/ijst/2016/v9i28/97353
Year: 2016, Volume: 9, Issue: 28, Pages: 1-6
Original Article
Siti Nur Iqmal Ibrahim*
Department of Mathematics, [email protected]
*Author for correspondence
Siti Nur Iqmal Ibrahim
Department of Mathematics,
Email: [email protected]
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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