Effect of chaos th
Effect of chaos theory on
Tehran stock exchange index
Nasrollah Amouzesh*1,
Mohsen Ahmadi2
1. Department of Accounting, Gachsaran branch,
Islamic Azad University, Gachsaran, Iran
2. Department of Accounting, Gachsaran branch,
Islamic Azad University, Gachsaran, Iran
E-mail: [email protected]
Abstract: Accuracy
and adequacy of economical prediction models in the world of business, is
strategic and vital. Many economists believe that the linear models are
not suitable enough for prediction of price and shares index. Therefore many of
the researches are concentrating on the economical time series and their
suitable dynamic models. In the present research the whole share price in a 5
years duration from 2008 to 2012 have been chosen as the statistical sample to
find out the effect of chaos theory on Tehran stock exchange index. A
main hypothesis which has been considered is: the chaos theory has effect
on the whole share price index and also 3 secondary hypotheses have been
mentioned which are whole shares prices index have non-random structure. Whole
share price index have non-linear structure. Whole share price index has chaos
structure. For data processing Herest view test has been used and then Liaponof
view and coordination is used. Results of the research show that the whole
share price index has non-random, non-linear and chaos structure and therefore
chaos point of view theory has effect on the whole share price index in Tehran
stock exchange.
[Nasrollah
Amouzesh, Mohsen Ahmadi. Effect of chaos theory on Tehran stock
exchange index. Life Sci J 2013;10(7s):79-83]
(ISSN:1097-8135). http://www.lifesciencesite.com. 13
Keywords: economical
prediction models, chaos theory, non-random structure, non-linear structure.
