The chapter discusses how simulation-based approaches can redefine consumer behavior and trend forecasts in a world becoming highly dynamic and complex. Based on theoretical models like Behavioral Decision Theory, System Theory, and Diffusion of Innovation, the research addresses the...

This paper presents the first formal comparison of Value at risk (VaR) forecasting performance across various high-frequency volatility models and conventional benchmarks using daily data in the crude oil futures market. Our analysis reveals the following key findings:(1) High-frequency data...