Abstract
The research aims to identify the existence and connections between financial decision, financial performance and fractals patterns. The investigation starts to examine if there is the possibility to verify a repeating pattern for future events to be foreseen. Mathematics is a logical base of our entire life, and fractals are of it. A fractal appear as a geometric object that repeats itself in the same structure on different scales and/or timings, showing reduplicate patterns. Fractals are everywhere around us. Fractal patterns can be easily linked with financial markets or any economic events. Price movement in the market are very complex and appears to be randomly. The financial economists believed that this
complexity is built up from self-similar patterns of trader behavior. That means that the whole structure is not random but follows a model that can be measured – fractals. A multidimensional analysis of financial data provides a clear picture of decision makers at company level or at macroeconomic level. Economic data are very useful and they can be classified according to different decision maker criteria and taking into consideration accordingly. However for a better performance of economic and financial forecasts, predictions and the impact of any decisions throughout the economy, we argue that fractals pattern are more than helpful be taken into account.
complexity is built up from self-similar patterns of trader behavior. That means that the whole structure is not random but follows a model that can be measured – fractals. A multidimensional analysis of financial data provides a clear picture of decision makers at company level or at macroeconomic level. Economic data are very useful and they can be classified according to different decision maker criteria and taking into consideration accordingly. However for a better performance of economic and financial forecasts, predictions and the impact of any decisions throughout the economy, we argue that fractals pattern are more than helpful be taken into account.
Original language | English |
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Pages (from-to) | 45-56 |
Number of pages | 12 |
Journal | Journal of Information Systems & Operations Management |
Volume | 13 |
Issue number | 1 |
Publication status | Published - 1 May 2019 |
Externally published | Yes |
Bibliographical note
Open access journalKeywords
- fractals
- financial decisions
- intelligent management decisions
- smart forecasting