Abstract: Many studies have shown that Artificial Neural
Networks (ANN) have been widely used for forecasting financial
markets, because of many financial and economic variables are nonlinear,
and an ANN can model flexible linear or non-linear
relationship among variables.
The purpose of the study was to employ an ANN models to
predict the direction of the Istanbul Stock Exchange National 100
Indices (ISE National-100).
As a result of this study, the model forecast the direction of the
ISE National-100 to an accuracy of 74, 51%.