Application of FAHP in Gold Price Fluctuation Factor Evaluation

Gold has become one of the most popular and secures type of investment in our country. However, the price of gold shows a high level of volatility. This paper aims to explore the use of Fuzzy Analytic Hierarchy Process (FAHP) in evaluating and ranking the Malaysian gold price fluctuation factors. N...

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Publicado: Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA Perlis 2021
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spelling oai:doaj.org-article:fcb52d250a4d483dbd0491d4303c9cbd2021-11-06T02:21:39ZApplication of FAHP in Gold Price Fluctuation Factor Evaluation2600-8793https://doaj.org/article/fcb52d250a4d483dbd0491d4303c9cbd2021-03-01T00:00:00Zhttp://repeater.my/index.php/jcrinn/article/view/186https://doaj.org/toc/2600-8793 Gold has become one of the most popular and secures type of investment in our country. However, the price of gold shows a high level of volatility. This paper aims to explore the use of Fuzzy Analytic Hierarchy Process (FAHP) in evaluating and ranking the Malaysian gold price fluctuation factors. Nevertheless, there are not many researches have been done on FAHP method in gold price analysis. Hence, FAHP as tools of measurement have been applied to evaluate, compare, and rank the gold price fluctuation factors. Specifically, four factors that contribute to the volatility of gold price are determined from experts. The factors are currency exchange, demand, inflation and mining. The evaluation of FAHP shows that the highest value of normalized weight was 0.6892 for the currency factor. This study concludes that the most important factor that affects the gold price change is the currency exchange. Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA PerlisarticleProbabilities. Mathematical statisticsQA273-280TechnologyTTechnology (General)T1-995ENJournal of Computing Research and Innovation, Vol 6, Iss 1 (2021)
institution DOAJ
collection DOAJ
language EN
topic Probabilities. Mathematical statistics
QA273-280
Technology
T
Technology (General)
T1-995
spellingShingle Probabilities. Mathematical statistics
QA273-280
Technology
T
Technology (General)
T1-995
Application of FAHP in Gold Price Fluctuation Factor Evaluation
description Gold has become one of the most popular and secures type of investment in our country. However, the price of gold shows a high level of volatility. This paper aims to explore the use of Fuzzy Analytic Hierarchy Process (FAHP) in evaluating and ranking the Malaysian gold price fluctuation factors. Nevertheless, there are not many researches have been done on FAHP method in gold price analysis. Hence, FAHP as tools of measurement have been applied to evaluate, compare, and rank the gold price fluctuation factors. Specifically, four factors that contribute to the volatility of gold price are determined from experts. The factors are currency exchange, demand, inflation and mining. The evaluation of FAHP shows that the highest value of normalized weight was 0.6892 for the currency factor. This study concludes that the most important factor that affects the gold price change is the currency exchange.
format article
title Application of FAHP in Gold Price Fluctuation Factor Evaluation
title_short Application of FAHP in Gold Price Fluctuation Factor Evaluation
title_full Application of FAHP in Gold Price Fluctuation Factor Evaluation
title_fullStr Application of FAHP in Gold Price Fluctuation Factor Evaluation
title_full_unstemmed Application of FAHP in Gold Price Fluctuation Factor Evaluation
title_sort application of fahp in gold price fluctuation factor evaluation
publisher Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA Perlis
publishDate 2021
url https://doaj.org/article/fcb52d250a4d483dbd0491d4303c9cbd
_version_ 1718444016739024896