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: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2016-03-01
|
| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/vol20i1p54-68.pdf |
| _version_ | 1797900329677750272 |
|---|---|
| author | Ghodratollah EMAMVERDI Mohammad Sharif KARIMI Sima KHAKIE Mojtaba KARIMI |
| author_facet | Ghodratollah EMAMVERDI Mohammad Sharif KARIMI Sima KHAKIE Mojtaba KARIMI |
| author_sort | Ghodratollah EMAMVERDI |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-10T08:44:14Z |
| format | Article |
| id | doaj.art-f8763d5377d144a2b1703b2ef0703416 |
| institution | Directory Open Access Journal |
| issn | 2066-6071 |
| language | English |
| last_indexed | 2024-04-10T08:44:14Z |
| publishDate | 2016-03-01 |
| publisher | “Victor Slăvescu” Centre for Financial and Monetary Research |
| record_format | Article |
| series | Financial Studies |
| spelling | doaj.art-f8763d5377d144a2b1703b2ef07034162023-02-22T16:57:21Zeng“Victor Slăvescu” Centre for Financial and Monetary ResearchFinancial Studies2066-60712016-03-012015468FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGEGhodratollah EMAMVERDI0Mohammad Sharif KARIMI1Sima KHAKIE2Mojtaba KARIMI3Islamic Azad University, Central Tehran BranchDepartment of Economics, Faculty of Social Sciences, Razi University, Kermanshah, IranIslamic Azad University, Central Tehran BranchIslamic Azad University, Central Tehran BranchDevelopment 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. http://fs.icfm.ro/vol20i1p54-68.pdfforecastingstock price indextehran stock exchangefuzzy arimaneural network |
| spellingShingle | Ghodratollah EMAMVERDI Mohammad Sharif KARIMI Sima KHAKIE Mojtaba KARIMI FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE Financial Studies forecasting stock price index tehran stock exchange fuzzy arima neural network |
| title | FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE |
| title_full | FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE |
| title_fullStr | FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE |
| title_full_unstemmed | FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE |
| title_short | FORECASTING THE TOTAL INDEX OF TEHRAN STOCK EXCHANGE |
| title_sort | forecasting the total index of tehran stock exchange |
| topic | forecasting stock price index tehran stock exchange fuzzy arima neural network |
| url | http://fs.icfm.ro/vol20i1p54-68.pdf |
| work_keys_str_mv | AT ghodratollahemamverdi forecastingthetotalindexoftehranstockexchange AT mohammadsharifkarimi forecastingthetotalindexoftehranstockexchange AT simakhakie forecastingthetotalindexoftehranstockexchange AT mojtabakarimi forecastingthetotalindexoftehranstockexchange |