Analysis and estimation of India's foreign exchange reserves using soft computing techniques

We used a back propagation type of artificial neural networks (ANN) methodology to forecast the year-wise estimated foreign exchange reserves of India based on past data.The results indicate that in a particular financial year, if we know the values of foreign direct investments, the total expenditu...

Full description

Bibliographic Details
Main Authors: Mriganka Mohan Chanda, Gautam Bandyopadhyay, Neelotpaul Banerjee
Format: Article
Language:English
Published: Elsevier 2020-09-01
Series:IIMB Management Review
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S0970389617302653
id doaj-e171493d5e6b41d48bed46ba276a0610
record_format Article
spelling doaj-e171493d5e6b41d48bed46ba276a06102020-12-25T05:06:05ZengElsevierIIMB Management Review0970-38962020-09-01323280290Analysis and estimation of India's foreign exchange reserves using soft computing techniquesMriganka Mohan Chanda0Gautam Bandyopadhyay1Neelotpaul Banerjee2Corresponding author.; Department of Management Studies, National Institute of Technology, Durgapur, IndiaDepartment of Management Studies, National Institute of Technology, Durgapur, IndiaDepartment of Management Studies, National Institute of Technology, Durgapur, IndiaWe used a back propagation type of artificial neural networks (ANN) methodology to forecast the year-wise estimated foreign exchange reserves of India based on past data.The results indicate that in a particular financial year, if we know the values of foreign direct investments, the total expenditure for all the plan schemes and special plan schemes of the Department of Commerce, the export to import ratio, the average import duty rate, and the GDP of India, then the likely value of the foreign exchange reserves for that year can be estimated using our ANN-based method.http://www.sciencedirect.com/science/article/pii/S0970389617302653National economic planningArtificial neural networksSoft computingForeign exchange reserves
collection DOAJ
language English
format Article
sources DOAJ
author Mriganka Mohan Chanda
Gautam Bandyopadhyay
Neelotpaul Banerjee
spellingShingle Mriganka Mohan Chanda
Gautam Bandyopadhyay
Neelotpaul Banerjee
Analysis and estimation of India's foreign exchange reserves using soft computing techniques
IIMB Management Review
National economic planning
Artificial neural networks
Soft computing
Foreign exchange reserves
author_facet Mriganka Mohan Chanda
Gautam Bandyopadhyay
Neelotpaul Banerjee
author_sort Mriganka Mohan Chanda
title Analysis and estimation of India's foreign exchange reserves using soft computing techniques
title_short Analysis and estimation of India's foreign exchange reserves using soft computing techniques
title_full Analysis and estimation of India's foreign exchange reserves using soft computing techniques
title_fullStr Analysis and estimation of India's foreign exchange reserves using soft computing techniques
title_full_unstemmed Analysis and estimation of India's foreign exchange reserves using soft computing techniques
title_sort analysis and estimation of india's foreign exchange reserves using soft computing techniques
publisher Elsevier
series IIMB Management Review
issn 0970-3896
publishDate 2020-09-01
description We used a back propagation type of artificial neural networks (ANN) methodology to forecast the year-wise estimated foreign exchange reserves of India based on past data.The results indicate that in a particular financial year, if we know the values of foreign direct investments, the total expenditure for all the plan schemes and special plan schemes of the Department of Commerce, the export to import ratio, the average import duty rate, and the GDP of India, then the likely value of the foreign exchange reserves for that year can be estimated using our ANN-based method.
topic National economic planning
Artificial neural networks
Soft computing
Foreign exchange reserves
url http://www.sciencedirect.com/science/article/pii/S0970389617302653
work_keys_str_mv AT mrigankamohanchanda analysisandestimationofindiasforeignexchangereservesusingsoftcomputingtechniques
AT gautambandyopadhyay analysisandestimationofindiasforeignexchangereservesusingsoftcomputingtechniques
AT neelotpaulbanerjee analysisandestimationofindiasforeignexchangereservesusingsoftcomputingtechniques
_version_ 1724371371575738368