Finding significant relation between stock markets (including omnipresent volatility) and real economy of the US, Germany, Great Britain and Japan is the main aim of this thessis. If not found it is also the final conclusion. By means of time series analysis using artificial neural networks from the beginning of 2000 till the November of 2014 was proved that the strong single -- way relation between prime stock indices and GDP of chosen economies does exist. Highest quality of prediction was proved on the American and British economy. S&P 500, FTSE and VIX indicator made a precise prediction of future economic progress in the US and Great Britain for six to nine months ahead with 71% to 86% accuracy. The artificial neural networks proved an extraordinary ability to predict chosen financial time series regardless the actual position in a business cycle.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:200023 |
| Date | January 2014 |
| Creators | Poláková, Soňa |
| Contributors | Veselá, Jitka, Krabec, Tomáš, Onder, Štěpán |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/doctoralThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
Page generated in 0.0011 seconds