2021
DOI: 10.1142/s0217590821500521
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Stock Market Prediction in Brics Countries Using Linear Regression and Artificial Neural Network Hybrid Models

Abstract: The BRICS (Brazil, Russia, India, China and South Africa) acronym was created by the International Monetary Foundation (IMF)–Group of Seven (G7) to represent the bloc of developing economies which crucially impact on the global economy by their potential economic growth. Most of the foreign direct investment are considering the stock markets of BRICS as the most attractive destination for foreign portfolio investment. This study aims to identify the relationship between macroeconomic variables and the stock ma… Show more

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Cited by 4 publications
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“…In the early stage, the traditional econometric models were widely used for stock price forecasting. They include autoregression (AR), moving average (MA), autoregressive moving average (ARMA) [1], autoregressive integrated moving average (ARIMA) [2], generalized autoregressive conditional heteroskedastic (GARCH) [3], linear regression [4] and so on. Although these methods have achieved reasonable predictive performance, the assumption of linearity limits their predictive ability, especially in the face of stock prices with high volatility.…”
Section: Introductionmentioning
confidence: 99%
“…In the early stage, the traditional econometric models were widely used for stock price forecasting. They include autoregression (AR), moving average (MA), autoregressive moving average (ARMA) [1], autoregressive integrated moving average (ARIMA) [2], generalized autoregressive conditional heteroskedastic (GARCH) [3], linear regression [4] and so on. Although these methods have achieved reasonable predictive performance, the assumption of linearity limits their predictive ability, especially in the face of stock prices with high volatility.…”
Section: Introductionmentioning
confidence: 99%