Proceedings of the 2nd International Conference on Big Data Economy and Digital Management, BDEDM 2023, January 6-8, 2023, Changsha, China

Research Article

Economic Development Prediction Model Based on Deep Convolutional Neural Network

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  • @INPROCEEDINGS{10.4108/eai.6-1-2023.2330335,
        author={Taisong Liu and Xiaona Cai and Songyu Xie and Shanting Tan and Zihan Ying},
        title={Economic Development Prediction Model Based on Deep Convolutional Neural Network},
        proceedings={Proceedings of the 2nd International Conference on Big Data Economy and Digital Management, BDEDM 2023, January 6-8, 2023, Changsha, China},
        publisher={EAI},
        proceedings_a={BDEDM},
        year={2023},
        month={6},
        keywords={economic prediction deep convolutional neural network normalization multilayer perceptron computation cost},
        doi={10.4108/eai.6-1-2023.2330335}
    }
    
  • Taisong Liu
    Xiaona Cai
    Songyu Xie
    Shanting Tan
    Zihan Ying
    Year: 2023
    Economic Development Prediction Model Based on Deep Convolutional Neural Network
    BDEDM
    EAI
    DOI: 10.4108/eai.6-1-2023.2330335
Taisong Liu1,*, Xiaona Cai1, Songyu Xie2, Shanting Tan3, Zihan Ying4
  • 1: College of Economics and Trade, University of Electronic Science and Technology of China, Zhongshan Institute, Zhongshan City, China
  • 2: College of Management, Guangdong Peizheng College, Guangzho City, China
  • 3: School of Computing, University of Electronic Science and Technology of China, Zhongshan Institute, Zhongshan City, China
  • 4: School of Foreign Languages, Guangdong Technology College, Zhaoqing City, China
*Contact email: 2224628031@qq.com

Abstract

Economic prediction is an essential method for arranging the development strategies and provide reliable data for the managers. However, previous researches about prediction were primary concentrated on the mathematical model by utilizing various statistic or economic theories, which are not considering the real situation parameters including cultural affects, political aspects and real-world factors. In this article, we utilize deep convolutional neural network to train a neural model by utilizing the ten years from 2010 to 2020 economic development parameters and predict the 2021-2022 economic development results in GuangZhou city of China. In our proposed model, the model is consisted by three primary components including pro-processing selector by utilizing the normalization, multiple deep convolutional network and multilayer perceptron to provide the final prediction results. From our extensive experimental steps, we can observe that our proposed mechanism can precisely provide the development tendency in 2021 with acceptable computation cost.