Investigating the Relationship Among Some Macro Economical Variables With Aggregated Stock Exchange Prices

The current study was carried out to determine the long-term relationship between the rate of indices increase total stock prices and an arrary of macro economical variables such as inflation rate, rate of liquidity growth , and rate of coins and oil exports . The required data were predicted periodically for the time interval of 1383-1393, in Iranian calender, through regression test. In addition, seasonal changes were analysed too. The results of study indicated that variables of rate of liquidity increase ande the rate of growth for total prices index were constant , whereas by adding other variables and investigating Q-STATA test it was observed that explanatory variables possess corelational ranking of the first and fourhenth resp[ectively . Investigating the seasonal effects of data by means of explanatory proved the fact that the effect of spring in increasing total indices prices in stock market , by holding the effects of othr variables constant , indicated the approximate increase of 371.8 . One of the other performed investigation was the effect of failure in data model. The results of Chav Test showed that a failure occurred in the first three month of 1389 in regression model. One of the underlying reasons concerned economical happenings such as consigning governmental corporations in stock market on the bais of Atricle 44 and other factors such as increasing assigned facilities from the part of the bank.