Research Article
Research and Application of Association Analysis Model for Power and Economy in Key Industries
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350206, author={Xueting Zhang and Yingxue Li and Min Wang and Wei Wang and Hao Wu and Qiqi Dai and Jiawei Gong and Xiaotong Zhou}, title={Research and Application of Association Analysis Model for Power and Economy in Key Industries }, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={key industries; power-economy; association analysis; economic index; leading effect}, doi={10.4108/eai.24-5-2024.2350206} }- Xueting Zhang
Yingxue Li
Min Wang
Wei Wang
Hao Wu
Qiqi Dai
Jiawei Gong
Xiaotong Zhou
Year: 2024
Research and Application of Association Analysis Model for Power and Economy in Key Industries
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350206
Abstract
Electric power is a 'thermometer' and 'barometer' of the national economy, and key industries are important driving forces for its growth. This paper focuses on the research of the association analysis model between power consumption in key industries and economic development, aiming to grasp the economic development trends from the perspective of power consumption in key industries. Firstly, the correlation characteristics of power consumption in key industries and the economy are analyzed. Then, an association analysis model is constructed, including a model for leading, coincident, and lagging relationships, as well as an economic index calculation model based on power data. Finally, an empirical study is conducted based on the electricity consumption data of a certain province's key industries and industrial value-added data. The results indicate that power consumption in key industries has a certain leading effect on the growth rate of industrial value-added, and it can forecast the changing trend of the year-on-year growth rate of industrial value-added, thus supporting macroeconomic regulation and control.