FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE
Development of financial markets and financial instruments is one of the pillars of economic growth and capital accumulation in any countries especially in the developing ones. Capital market works as a substantial tool for development and financing which attracts many investors for purchasi...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2016-03-01
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| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/vol20i1p54-68.pdf |
| Summary: | Development of financial markets and financial instruments is
one of the pillars of economic growth and capital accumulation in any
countries especially in the developing ones. Capital market works as
a substantial tool for development and financing which attracts many
investors for purchasing and selling capital. Hence they are seeking
for forecasting events and situations of future till can invest with a
lower uncertainty. On the other hand total index of stock exchanges
accounted for a precursor one in economics which we expect
following improvement in index of capital market, the economic
growth will improve and we face condition of recession after its
decrease. Thus the importance of exact prediction of this index is
redoubled. In this paper we forecast the index by applying ARIMA
and Neural Network and then we achieve the minimum and maximum
of total index by using FARIMA. Indeed the main aim of this research
is to imply this point that these three methods are complementary to
each other in decision making of investors and economic policy
makers. |
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| ISSN: | 2066-6071 |