Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
skip to main content
research-article

Big Data-Driven Macroeconomic Forecasting Model and Psychological Decision Behavior Analysis for Industry 4.0

Published: 01 January 2021 Publication History

Abstract

With the advent of Industry 4.0, economic development has become a rapid information age. The content of macroeconomic forecast is very extensive, and the existence of big data technology can provide the government with multilevel, diversified, and complete information and comprehensively process, integrate, summarize, and classify these pieces of information. This paper forecasts the CPI value in the next 12 months according to the CPI in China in the recent 20 years. Compared with the traditional forecasting methods, the forecasting results have higher accuracy and timeliness. At the same time, the trend of growth rate of industrial value-added is analyzed, and the experiments on MAE and RMSE show that the method proposed in this paper has obvious advantages. It also analyzes the disadvantages of traditional psychological decision-making behavior analysis, introduces the development status and advantages of big data-driven psychological decision-making behavior analysis, and opens up new research ideas for psychological decision-making analysis.

References

[1]
C. Duarte, P. M. M. Rodrigues, and A. Rua, “A mixed frequency approach to the forecasting of private consumption with ATM/POS data,” International Journal of Forecasting, vol. 33, no. 1, pp. 61–75, 2017.
[2]
V. Murdock, C. L. A. Clarke, J. Kamps, and J. Karlgren, “Report on the workshop on search and exploration of x-rated information (SEXI 2013),” Acm Sigir Forum, vol. 47, no. 1, pp. 31–37, 2013.
[3]
M. Zhang and R. Qi, “Data mining and economic forecasting in DW-based economical decision support system[J],” International Journal of Reasoning-Based Intelligent Systems, vol. 11, no. 4, pp. 300–307, 2019.
[4]
G. Xie, Y. Qian, and S. Wang, “Forecasting Chinese cruise tourism demand with big data: an optimized machine learning approach,” Tourism Management, vol. 82, 2021.
[5]
X. Wei, W. Chen, and X. Li, “Exploring the financial indicators to improve the pattern recognition of economic data based on machine learning,” Neural Computing and Applications, vol. 33, no. 2, pp. 723–737, 2020.
[6]
W. Li, C. Gong, and J. Li, “Research on some problems before decision making of party committee of state-owned enterprises based on data model,” Journal of Physics: Conference Series, vol. 1744, no. 4, 2021.
[7]
W. Alschner, J. Pauwelyn, and S. Puig, “The data-driven future of international economic law,” Journal of International Economic Law, vol. 20, no. 2, pp. 217–231, 2017.
[8]
T. Ming-Hong, V. M. Nadhilla and B. H. Verlin, “The effects of perceived decision-making styles on evaluations of openness and competence that elicit collaboration,” Personality and Social Psychology Bulletin, vol. 46, no. 1, pp. 124–139, 2019.
[9]
J. Chen, “Data analysis and knowledge discovery in web recruitment—based on big data related jobs,” in Proceedings of the 2019 International Conference on Machine Learning, Big Data and Business Intelligence (MLBDBI), pp. 142–146, Taiyuan, China, November 2019.
[10]
P. M. E. Garboden, “Sources and types of big data for macroeconomic forecasting,” Macroeconomic Forecasting in the Era of Big Data, vol. 52, pp. 3–23, 2020.
[11]
M. Neupauerová and J. Vravec, “Monetary strategies from the perspective of intermediate objectives,” Panoeconomicus, vol. 54, no. 2, pp. 219–233, 2007.
[12]
M. Camacho, G. Perez-Quiros, and P. Poncela, “Green shoots in the euro area: a real time measure,” Ssrn Electronic Journal, no. 1026, pp. 9–41, 2010.
[13]
G. T. Wodtke, “Are smart people less racist? Verbal ability, anti-black prejudice, and the principle-policy paradox,” Social Problems, vol. 63, no. 1, 2016.
[14]
B. S. Paye, “'Déjà vol': predictive regressions for aggregate stock market volatility using macroeconomic variables,” Journal of Financial Economics, vol. 106, no. 3, pp. 527–546, 2012.
[15]
S. E. Tolwinski-Ward, M. P. Tingley, M. K. Evans, M. K. Hughes, and D. W. Nychka, “Probabilistic reconstructions of local temperature and soil moisture from tree-ring data with potentially time-varying climatic response,” Climate Dynamics, vol. 44, no. 3-4, pp. 791–806, 2015.
[16]
L. . Harding, “Children's quality of life assessments: a review of generic and health related quality of life measures completed by children and adolescents,” Clinical Psychology and Psychotherapy, vol. 8, no. 2, pp. 79–96, 2010.
[17]
E. Ferrer and J. J. Mcardle, “Longitudinal modeling of developmental changes in psychological research,” Current Directions in Psychological Science, vol. 19, no. 3, pp. 149–154, 2010.

Recommendations

Comments

Information & Contributors

Information

Published In

cover image Complexity
Complexity  Volume 2021, Issue
2021
20672 pages
This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Publisher

John Wiley & Sons, Inc.

United States

Publication History

Published: 01 January 2021

Qualifiers

  • Research-article

Contributors

Other Metrics

Bibliometrics & Citations

Bibliometrics

Article Metrics

  • 0
    Total Citations
  • 0
    Total Downloads
  • Downloads (Last 12 months)0
  • Downloads (Last 6 weeks)0
Reflects downloads up to 30 Aug 2024

Other Metrics

Citations

View Options

View options

Get Access

Login options

Media

Figures

Other

Tables

Share

Share

Share this Publication link

Share on social media