Forecasting Selected International Stock Indices returns by Using Arima Model
This article investigates the application of Autoregressive Integrated Moving Average (ARIMA) models in forecasting returns for five major international stock indices: FTSE 100, HANG SENG, NIKKEI 225, NIFTY 50, and S&P 500. Grounded in a comprehensive methodology, the study begins by tracing the evolution of ARIMA models and their pivotal role in analysing complex temporal patterns across diverse sectors, including finance and economics.