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Prediction and Industrial Structure Analysis of Local GDP Economy Based on Machine Learning

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  • Zhiqiang Jiang
  • Man Fai Leung

Abstract

The process of regional economic growth is a long-term evolutionary law. During this long evolutionary process, some regions may continue to grow, while others may fall into decline. It takes a long time. For example, from the perspective of our country’s regional economic growth since the turn of the century, the east coast has been in a relatively developed state, while the economy of some western regions is relatively backward. Therefore, how to promote the long-term growth of developed regions and revitalize the troubled regional economy by studying the long-term growth mechanism of the regional economy is an important topic of regional economic research. In this context, we can draw the following conclusions. (1) The employment structure of major industries has been declining year by year since 2000, and this trend is relatively obvious and the decline is relatively large. Despite some changes in industrial growth, the overall trend is upward. The employment structure of the service industry has increased year by year, and its proportion in total employment usually exceeds that of major industries, and it is the industry with the largest number of employees. (2) The accuracy under the machine learning model is 79.46%, the reliability is 89.27%, and it is feasible; the accuracy under the data mining model is 68.45%, the reliability is 75.43%, and the feasibility is 86.18%; the accuracy rate under the traditional statistical model is 60.14%, the feasibility is 68.24%, and the reliability is 75.12%. GDP not only is the core indicator of national economic accounting but also can be used to measure the economic status and development level of a country or region. The impact of industrial structure on GDP is huge, and a suitable industrial structure can promote a healthier growth of GDP. In order to analyze the relationship between our country’s GDP and industrial structure, the quantitative analysis method of grey correlation analysis is used to study it, and then according to the calculation results, suggestions for adjusting and optimizing the industrial structure will be put forward to the relevant ministries.

Suggested Citation

  • Zhiqiang Jiang & Man Fai Leung, 2022. "Prediction and Industrial Structure Analysis of Local GDP Economy Based on Machine Learning," Mathematical Problems in Engineering, Hindawi, vol. 2022, pages 1-9, October.
  • Handle: RePEc:hin:jnlmpe:7089914
    DOI: 10.1155/2022/7089914
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