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The Frontiers of Society, Science and Technology, 2020, 2(14); doi: 10.25236/FSST.2020.021409.

Analysis and Decision-making of Regional Economic Vitality and Its Influencing Factors

Author(s)

Tu Guangyu

Corresponding Author:
Tu Guangyu
Affiliation(s)

School of Software, Nanchang University, Nanchang, 330047, China

Abstract

We first use linear regression model to study the relationship between regional economic vitality and related factors. However, the model fails the variance inflation factor (VIF) test, so we established a grey relational analysis (GRA) model. Next, we selected Zhengzhou as the research object then established a time series and autoregressive integrated moving average (ARIMA) model to predict the GDP of Zhengzhou after the "Twelfth Five-Year Plan" economic transformation and the long-term impact of economic policy transformation on Zhengzhou. Finally, we use the entropy method to determine the weight of indicators we collect and rank some cities. Based on those weight, previous analysis and models, we put forward development suggestions for Zhengzhou to enhance regional economic vitality.

Keywords

VIF test, GRA, Time Series, ARIMA, Entropy Method

Cite This Paper

Jolene Qiu. Analysis and Decision-making of Regional Economic Vitality and Its Influencing Factors. The Frontiers of Society, Science and Technology (2020) Vol. 2 Issue 14: 50-73. https://doi.org/10.25236/FSST.2020.021409.

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