Heating Oil Prices and the Chaotic Growth Model
Heating Oil Prices and the Chaotic Growth Model

Author(s): Vesna Jablanović
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Heating oil; Price; Stability; Chaos
Summary/Abstract: This paper analyzes the local stability of the created chaotic heating oil prices growth model. It is proved that the logistic map is a useful framework for creating the chaotic heating oil prices growth model. Also, it is important to analyze the local growth stability of heating oil prices in the period 2002-2024. This paper confirms the existence of convergent fluctuations in heating oil prices in the observed period.

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