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Academic Journal of Business & Management, 2021, 3(10); doi: 10.25236/AJBM.2021.031016.

The prediction of GDP growth in Shandong Province with gray model


Zhonghao Dong1, Xinyu Gao2

Corresponding Author:
Zhonghao Dong

1School of Information Science and Engineering, East China University of Science and Technology, Shanghai, 201424, China

2School of Economics and Management, Huaibei Normal University, Huaibei, Anhui, 235000, China


2021 is the first years of the new journey to build a socialist modern country in an all-round way after China has built a well-off society. Shandong Province, which is in an important position of China's economic development, ranks third in the country's GDP and plays a crucial role in the economic construction of China's second one-hundred-year goal. In this paper, the gray forecast model is used to forecast the GDP of Shandong Province in the next five years. Due to the vigorous promotion of the resumption of work and production in Shandong Province, and the huge potential of the consumer market for the large population of Shandong Province and continuous growth of residents' income, it is showed in the report that Shandong Province's GDP growth rate will rebound rapidly, and maintain a steady growth trend in the next five years, which is based on the solid foundation and long-term positive trend of the economic development in Shandong Province. Finally, this paper puts forward some policy suggestions for the economic development of Shandong Province in view of the above research results. 


Shandong Province, GDP, Gray Forecast Model, Policy Recommendations

Cite This Paper

Zhonghao Dong, Xinyu Gao. The prediction of GDP growth in Shandong Province with gray model. Academic Journal of Business & Management (2021) Vol. 3, Issue 10: 87-91. https://doi.org/10.25236/AJBM.2021.031016.


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