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The PPI was the economical variable used and served as a proxy of the Economical status of the population across the regions.
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According to the relevant literature, the relation between financial and economical variables is nonlinear.
All of the 27 initial financial and economical variables are used as the independent variables of the logit model.
The application of this approach leads to exclude 7 of the 27 initial financial and economical variables.
This indicates that agricultural commodity prices are influenced by seasonal factors, prices of all markets and economical variables.
However, it is a complex and challenging problem due to the different engineering, geological and economical variables involved.
Additionally, Ferson (1989), Fama and French (1989), and Fama and Schwert (1977) showed that financial variables could be forecasted using time series on some other financial and economical variables.
Both analytical tools, in combination with economical variables, provide a powerful methodological procedure finding the most favourable heat integration and, by this, they help in the technological decision making and in the design phase.
Second, to only provide the plant managers with configurations of their contextual interest in the objective space (i.e., solutions within their preferred Pareto front region) based on real-world economical variables.
In order to select the most influential features (factors) of the proposed ANN that affect the daily direction of S&P 500 (the response), design of experiments are conducted to determine the statistically significant factors among 27 potential financial and economical variables along with a feature defined as the number of nodes of the ANN.
The dataset of this research has been compiled containing the daily closing value of S&P 500 as the output and 27 financial and economical variables as the potential features for 3,650 days partially taken on the period starting 01 March 1994 to 30 June 2008.
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