Time Series Prediction with Neural Networks for the Athens Stock Exchange Indicator

Hanias, M. P.; Curtis, Panayiotis G.; Thalassinos, Eleftherios

doi:10.35808/ersj/351

Cited by 40 publications

(28 citation statements)

References 8 publications

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“…In the paper, authors used Vector Measure Construction Method (VMCM) as a methodical apparatus, to assess the problem related to quality of institutions (Hanias et al, 2007;Ugurlu et al, 2014). The time series analysis of economic variables reflecting quality of institutions in the selected 24 countries of CEE and Central Asia was performed.…”

Section: Methodsmentioning

confidence: 99%

Application of Vector Measure Construction Methods to Estimate Quality of Institutions: Nations in Transition

Miłaszewicz¹,

Nermend²

2020

ERSJ

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Purpose: The aim of the article is a multi-criteria assessment of the quality of institutions in countries of Central and Eastern Europe (CEE) and Central Asia, which in the early 1990s introduced a market system in their economies. The analysis was carried out taking into account the division of 28 analysed countries into two groups-current EU members and those that do not belong to this group. Design/Methodology/Approach: The economies under studies were analysed by selected 8 dimensions quality of institutions. Data from 1995, 2004 and 2018 were collected and compared, taking into consideration the EU members and other countries. The economies were compared and classified using the Vector Measure Construction Method (VMCM). Findings: The effects of introducing major transformation reforms turned out to be different in the analysed countries. The initial conditions for the transformation and the timing of reforms seem to have influenced them. Also accession to the EU had a significant impact on the improvement of the quality of institutions in the EU member states. It has led to a large stratification of two groups of countriesthe EU members and other analysed countries. Practical Implications: VMCM method is dedicated to the study of complex economic processes. These approach allows for making rankings, classifications of objects and the analysis of the change dynamics. The performed assessment of the quality of institutions may be helpful for the governments of the surveyed countries and constitute a justification for a change in institutional policy, or may support the decisions of investors looking for an appropriate country of location. Originality/Value: Due to the advantages of VMCM, applying it to the analysis and comparison of the quality of institutions in the surveyed countries allowed for taking into account the multidimensionality of the problem and its better, in-depth assessment.

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Section: Methodsmentioning

confidence: 99%

Application of Vector Measure Construction Methods to Estimate Quality of Institutions: Nations in Transition

Miłaszewicz¹,

Nermend²

2020

ERSJ

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“…It can be implemented by identifying key indicators that directly or indirectly reflect the perspectives of all stakeholders in the effective operation of the company: owners, management personnel, employees, investors, creditors, society, etc. (Hanias et al, 2012). When evaluating the company's activities, it is more expedient to be guided more by production, innovation and financial indicators.…”

Section: Implementationsmentioning

confidence: 99%

Financial Statements of a Company as an Information Base for Decision-Making in a Transforming Economy

Osadchy¹,

Akhmetshin²,

Amirova³

et al. 2018

ERSJ

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In connection with the development of transforming the economy, the need for forecasting and analyzing the consequences of managerial decisions becomes more pressing. To substantiate and evaluate such decisions, a tool for prospective analysis of financial statements of companies is used. In recent years, the content and structure of a company's financial statements have undergone significant changes. With the development of economic relations, the principles of organization and methodology of accounting and reporting are also dynamically changing. The issues of reforming financial statements of a company are constantly discussed at international congresses of accountants and other professional forums. The purpose of the study is to improve the concept of preparing financial statements of a company as an information base for taking decisions in a transforming economy. As a result of the research, the economic essence of company's financial statements is substantiated from the point of view of an integrated approach; the importance of financial statements of an organization for effective management is determined; the main financial and non-financial indicators are systematized; it is proposed to introduce a mandatory requirement for disclosure of non-financial indicators in the corporate reporting system; proposals have been elaborated to improve the methods for analyzing financial statements as a tool for managing a company.

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“…We have applied the method of Procaccia (Grassberge andProcaccia, 1983a and1983b) to evaluate the minimum embedding dimension of each the system. In a second stage using the neural network (Hanias, Curtis, Thalassinos, 2007;Thalassinos et al, 2008 and we achieved an out of sample multi step time series prediction.…”

Section: Introductionmentioning

confidence: 97%

Predicting the Production of Total Industry in Greece with Chaos Theory and Neural Networks

Hanias¹,

Magafas²

2013

ERSJ

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This paper explores the use of chaos theory, as well as the neural networks, for predicting the Production of Total Industry in Greece. We have found that our data (from 1961 up to 2011) obey to the chaos theory. More specifically, the results from evaluation show that the minimum emending dimension is 4 suggesting chaos with a high dimensionality. We have also found that it is predictable the behavior of this production in the near future. The same results were evaluated using neural network, confirming our prediction.

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Time Series Prediction with Neural Networks for the Athens Stock Exchange Indicator

Cited by 40 publications

References 8 publications

Application of Vector Measure Construction Methods to Estimate Quality of Institutions: Nations in Transition

Application of Vector Measure Construction Methods to Estimate Quality of Institutions: Nations in Transition

Financial Statements of a Company as an Information Base for Decision-Making in a Transforming Economy

Predicting the Production of Total Industry in Greece with Chaos Theory and Neural Networks

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