Heating Oil Prices and the Chaotic Growth Model

Vesna Jablanovic – University of Belgrade, Faculty of Agriculture, Nemanjina 6, 11081 Belgrade, Serbia

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.

8th International Scientific Conference – EMAN 2024 – Economics and Management: How to Cope With Disrupted Times, Rome, Italy, March 21, 2024, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-83-7, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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