TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011

Detalhes bibliográficos
Autor(a) principal: Herling, Luiz Henrique
Data de Publicação: 2012
Outros Autores: Andrade de Lima, Marcus Vinicius, Moritz, Gilberto de Oliveira, Marangoni, Pedro Henrique
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: Future Studies Research Journal: Trends and Strategies
Texto Completo: https://www.revistafuture.org/FSRJ/article/view/103
Resumo: Fuel market is facing political, economic, social and environmental problems that are fuzzing the future of fossil energy sources and in face of these facts, countries are looking for hybrid and electric vehicles as part of solution in transportation sector due to the fact of electric vehicles use few or no fossil fuel. The objective in this article was to identify options until 2020 to introduce electric vehicle in the urban traffic of São Paulo city and to develop this study the method of literature review in secondary sources was used to present electric vehicle technologies and to identify parameters that were assessed through morphological analysis technique. In morphological analysis, sets of values were defined by the author for these parameters, possible combinations were structured, clearly impractical deployment options before 2020 were discarded and some viable solutions were analyzed in details. These analyses concluded that there are viable options for actual days in São Paulo city, but important requirements regarding technology, politic, market, infrastructure and innovation in products and services still need to be addressed and it is the main reason of electric vehicle remain unnoticed by consumers as an viable option. The challenges are great and the actors who are willing to solve them will find a promising market to explore.
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spelling TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011TESTANDO A HIPÓTESE DE EFICIÊNCIA DE MERCADO POR MEIO DE REDES NEURAIS ARTIFICIAIS: UM ESTUDO DE CASO COM AS DEZ PRINCIPAIS AÇÕES DO IBOVESPA DO PRIMEIRO QUADRIMESTRE DE 2011Fuel market is facing political, economic, social and environmental problems that are fuzzing the future of fossil energy sources and in face of these facts, countries are looking for hybrid and electric vehicles as part of solution in transportation sector due to the fact of electric vehicles use few or no fossil fuel. The objective in this article was to identify options until 2020 to introduce electric vehicle in the urban traffic of São Paulo city and to develop this study the method of literature review in secondary sources was used to present electric vehicle technologies and to identify parameters that were assessed through morphological analysis technique. In morphological analysis, sets of values were defined by the author for these parameters, possible combinations were structured, clearly impractical deployment options before 2020 were discarded and some viable solutions were analyzed in details. These analyses concluded that there are viable options for actual days in São Paulo city, but important requirements regarding technology, politic, market, infrastructure and innovation in products and services still need to be addressed and it is the main reason of electric vehicle remain unnoticed by consumers as an viable option. The challenges are great and the actors who are willing to solve them will find a promising market to explore.Este artigo tem como objetivo analisar se a ferramenta de Marangoni (2010) a partir de uma rede neural artificial (RNA) tem relação com a hipótese de eficiência de mercado para a tomada de decisão de investimentos no mercado de ações. O presente estudo utilizou as dez ações mais importantes que faziam parte do Ibovespa no primeiro quadrimestre do ano de 2011. O estudo será dividido em três etapas. A primeira consiste em revisar a literatura específica que aborda as questões do ambiente da gestão financeira no que tange aos investimentos em bolsa de valores e seus instrumentos de avaliação. A segunda etapa consiste na aplicação do modelo nos papéis selecionados para finalmente se realizarem as análises e devidas considerações. Conclui-se que a ferramenta de redes neurais artificiais convergiu, em 50% dos papéis em termos de previsão, para a hipótese de eficiência de mercado. O papel sugerido como opção de compra, que maximiza a rentabilidade por parte do investidor pela RNA, foi igual ao papel indicado com base na hipótese de mercado eficiente. O mesmo ocorre com o papel menos rentável. Ao comparar com o que aconteceu, nota-se que a primeira decisão seria acertada e a última é pouco distorcida em relação ao que ocorreu. A pesquisa é predominantemente quantitativa. O estudo se faz importante uma vez que atualmente existem poucos estudos que comprovam o funcionamento das RNAs para previsão de série temporal no mercado acionário.Future Studies Research Journal: Trends and Strategies2012-12-11info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed Articleapplication/pdfapplication/pdfhttps://www.revistafuture.org/FSRJ/article/view/10310.24023/FutureJournal/2175-5825/2012.v4i2.103Future Studies Research Journal: Trends and Strategies; Vol. 4 No. 2 (2012): Future Studies Research Journal; 164-186Future Studies Research Journal: Trends and Strategies [FSRJ]; v. 4 n. 2 (2012): Future Studies Research Journal; 164-1862175-5825reponame:Future Studies Research Journal: Trends and Strategiesinstname:Fundação Instituto de Administração (FIA)instacron:FIAengporhttps://www.revistafuture.org/FSRJ/article/view/103/198https://www.revistafuture.org/FSRJ/article/view/103/182Copyright (c) 2013 Future Studies Research Journal: Trends and Strategiesinfo:eu-repo/semantics/openAccessHerling, Luiz HenriqueAndrade de Lima, Marcus ViniciusMoritz, Gilberto de OliveiraMarangoni, Pedro Henrique2018-07-19T15:43:25Zoai:ojs.future.emnuvens.com.br:article/103Revistahttps://www.revistafuture.org/FSRJ/oai2175-58252175-5825opendoar:2018-07-19T15:43:25Future Studies Research Journal: Trends and Strategies - Fundação Instituto de Administração (FIA)false
dc.title.none.fl_str_mv TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
TESTANDO A HIPÓTESE DE EFICIÊNCIA DE MERCADO POR MEIO DE REDES NEURAIS ARTIFICIAIS: UM ESTUDO DE CASO COM AS DEZ PRINCIPAIS AÇÕES DO IBOVESPA DO PRIMEIRO QUADRIMESTRE DE 2011
title TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
spellingShingle TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
Herling, Luiz Henrique
title_short TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
title_full TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
title_fullStr TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
title_full_unstemmed TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
title_sort TESTING THE HYPOTHESIS OF MARKET EFFICIENCY THROUGH ARTIFICIAL NEURAL NETWORKS: A CASE STUDY WITH THE TEN MAJOR IBOVESPA SHARES IN THE FIRST QUARTER OF 2011
author Herling, Luiz Henrique
author_facet Herling, Luiz Henrique
Andrade de Lima, Marcus Vinicius
Moritz, Gilberto de Oliveira
Marangoni, Pedro Henrique
author_role author
author2 Andrade de Lima, Marcus Vinicius
Moritz, Gilberto de Oliveira
Marangoni, Pedro Henrique
author2_role author
author
author
dc.contributor.author.fl_str_mv Herling, Luiz Henrique
Andrade de Lima, Marcus Vinicius
Moritz, Gilberto de Oliveira
Marangoni, Pedro Henrique
description Fuel market is facing political, economic, social and environmental problems that are fuzzing the future of fossil energy sources and in face of these facts, countries are looking for hybrid and electric vehicles as part of solution in transportation sector due to the fact of electric vehicles use few or no fossil fuel. The objective in this article was to identify options until 2020 to introduce electric vehicle in the urban traffic of São Paulo city and to develop this study the method of literature review in secondary sources was used to present electric vehicle technologies and to identify parameters that were assessed through morphological analysis technique. In morphological analysis, sets of values were defined by the author for these parameters, possible combinations were structured, clearly impractical deployment options before 2020 were discarded and some viable solutions were analyzed in details. These analyses concluded that there are viable options for actual days in São Paulo city, but important requirements regarding technology, politic, market, infrastructure and innovation in products and services still need to be addressed and it is the main reason of electric vehicle remain unnoticed by consumers as an viable option. The challenges are great and the actors who are willing to solve them will find a promising market to explore.
publishDate 2012
dc.date.none.fl_str_mv 2012-12-11
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistafuture.org/FSRJ/article/view/103
10.24023/FutureJournal/2175-5825/2012.v4i2.103
url https://www.revistafuture.org/FSRJ/article/view/103
identifier_str_mv 10.24023/FutureJournal/2175-5825/2012.v4i2.103
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv https://www.revistafuture.org/FSRJ/article/view/103/198
https://www.revistafuture.org/FSRJ/article/view/103/182
dc.rights.driver.fl_str_mv Copyright (c) 2013 Future Studies Research Journal: Trends and Strategies
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2013 Future Studies Research Journal: Trends and Strategies
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Future Studies Research Journal: Trends and Strategies
publisher.none.fl_str_mv Future Studies Research Journal: Trends and Strategies
dc.source.none.fl_str_mv Future Studies Research Journal: Trends and Strategies; Vol. 4 No. 2 (2012): Future Studies Research Journal; 164-186
Future Studies Research Journal: Trends and Strategies [FSRJ]; v. 4 n. 2 (2012): Future Studies Research Journal; 164-186
2175-5825
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reponame_str Future Studies Research Journal: Trends and Strategies
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