38 Pages Posted: 15 Mar 2007
Date Written: March 10, 2007
This paper presents a practical framework to test chaotic dynamics even for noisy systems as opposed to stochastic dynamics. It elaborates an-easy-to-use and comprehensive algorithm to build a program to test chaos based on theoretical studies. A version of MATLAB m-code is provided in the appendix. Monte-Carlo simulations have confirmed that this test is powerful in detecting chaotic dynamics even in presence of moderate noises.
JEL Classification: C52, C45, C63
Suggested Citation: Suggested Citation
By Mikael Bask