the successful key of trading in the forex market is the selection of correct exchange in proper time based on an exact prediction of future exchange rate. foreign exchange rates are affected by many correlated economic, political and even psychological factors. therefore, in order to achieve a profitable trade these factors should be considered. the application of intelligent techniques for fo...

This paper investigates the relationships between stock market indices and four macroeconomics variables, namely crude oil price (COP), money supply (M2), industrial production (IP) and inflation rate (IR) in China and India. The period covers in this study is between January 1999 to January 2009. Using the Augmented Dickey-Fuller unit root test, the underlying series are tested as non-stationa...

Phenol formaldehyde (PF) resins are widely used as wood adhesives in the industrial production of exterior-grade plywood panels, oriented strand board panels and particleboards due to their superior performance including high bonding strength, heat resistance, excellent water resistance and chemical stability1. However, phenol, one raw material for the synthesis of PF resins, is a petroleum-bas...

This paper uses a ßexible approach to characterize the nonlinear relation between oil price changes and GDP growth. The paper reports clear evidence of nonlinearity, consistent with earlier claims in the literature— oil price increases are much more important than oil price decreases, and increases have signiÞcantly less predictive content if they simply correct earlier decreases. An alternativ...

the present research aims to evaluate impacts of crude oil price return index, bloomberg petroleum index and bloomberg energy index on stock market returns of 121 companies listed in tehran stock exchange in a 10 years' period from early 2006 to april 2016. first, explanatory variables were aligned with petroleum products index mostly due to application of dollar data. subsequently, to che...

Forecasting energy price and consumption is essential in making effective managerial decisions and plans. While there are many sophisticated mathematical methods developed so far to forecast, some nature-based intelligent algorithms with desired characteristics have been developed recently. The main objective of this research is short term forecasting of energy price and consumption in Iranian ...

There are presently wide disagreements among experts concerning the future availability and price of petroleum and natural gas both domestically and worldwide. If these resources are to be available to future generations at affordable prices, then the technological challenge is to use these resources in ways that offer the greatest economic benefit and the minimum environmental damage. Petroleu...