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Academic Journal of Business & Management, 2023, 5(13); doi: 10.25236/AJBM.2023.051322.

Analysis and Prediction of the Contribution Rate of China's Tertiary Industry Based on ARIMA Model

Author(s)

Chenfei Du1, Shuzhi Yang2, Xinyi Song3

Corresponding Author:
Xinyi Song
Affiliation(s)

1School of Economics, Shanxi University of Finance and Economics, Taiyuan, 030006, China

2Business School, East China University of Science and Technology, Shanghai, 201424, China

3Honors College, Tianjin Foreign Studies University, Tianjin, 300011, China

Abstract

In order to explore the evolution law and future state characteristics of China's tertiary industry contribution rate, this paper selects the contribution index data of China's tertiary industry to GDP from 1990 to 2020. It uses the ARIMA model to predict the future data of China's tertiary industry contribution index to GDP from 2021 to 2022. A stationary time series data is obtained through the stationary processing of time series, and finally, a prediction model of ARIMA (1,1,3) is established. The results show that the contribution index of China's tertiary industry to GDP shows a cyclical fluctuation of increase and decrease. The rising trend indicates that China's economic restructuring has achieved specific results. The validity of the predicted data is verified by using the actual tertiary industry contribution index data of GDP in 2020, proving the rationality of the predicted results. Furthermore, the predicted data in 2022 show a downward trend. On this basis, relevant suggestions are put forward to develop the tertiary industry vigorously and steadily promote the transformation and upgrading of economic structure.

Keywords

Contribution of tertiary industry to GDP; ARIMA model; Time Series Predictions

Cite This Paper

Chenfei Du, Shuzhi Yang, Xinyi Song. Analysis and Prediction of the Contribution Rate of China's Tertiary Industry Based on ARIMA Model. Academic Journal of Business & Management (2023) Vol. 5, Issue 13: 153-160. https://doi.org/10.25236/AJBM.2023.051322.

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