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Academic Journal of Business & Management, 2021, 3(9); doi: 10.25236/AJBM.2021.030906.

GDP Forecast of Shanghai Based on Grey Model


Ruisi Zhang1, Hongtao Ji2

Corresponding Author:
Ruisi Zhang

1School of Economics, Qufu Normal University, Rizhao Shandong, 276827, China

2School of Business Economics, Shanghai Business School, Shanghai, 201400, China


2021 is the first year of the "14th Five-Year Plan", and the formulation of economic policies in line with the realistic background is of great significance to the completion of the "14th Five-Year Plan" and the 2035 long-term plan. As the nation's economic and financial center city, Shanghai has always been a benchmark for leading the Chinese economy. Therefore, this paper selects Shanghai’s GDP data from 2010 to 2019 as a sample to establish a Shanghai GDP prediction model based on the gray model GM (1, 1), and predicts Shanghai’s GDP total and growth data from 2020 to 2026. The empirical results show that the total GDP of Shanghai will continue to grow in the future, but the GDP growth rate will gradually slow down. Finally, this article puts forward corresponding countermeasures and suggestions based on the status quo of Shanghai's economic development.


Shanghai, GDP, Grey prediction model

Cite This Paper

Ruisi Zhang, Hongtao Ji. GDP Forecast of Shanghai Based on Grey Model. Academic Journal of Business & Management (2021) Vol. 3, Issue 9: 24-29. https://doi.org/10.25236/AJBM.2021.030906.


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