Using ARIMA Model to Forecast the Total Fixed Asset Investment in Gansu Province
LI Ju-mei
Abstract
LI Ju-mei
Abstract
The growth of the total fixed asset investment will not only promote economic growth directly,but also increase its needs,like raw materials,production equipment,labor,and so on. The result is that it promotes the development of these fields related with investment activities. This paper analysis the data comes from CEI net. This data is about the total fixed asset investment in Gansu Province from 1982 to 2007. We establish the model of ARIMA(1,1,1)and test the model's prediction. This model can provide reliable proof for the total fixed asset investment in Gansu Province.
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The growth of the total fixed asset investment will not only promote economic growth directly,but also increase its needs,like raw materials,production equipment,labor,and so on. The result is that it promotes the development of these fields related with investment activities. This paper analysis the data comes from CEI net. This data is about the total fixed asset investment in Gansu Province from 1982 to 2007. We establish the model of ARIMA(1,1,1)and test the model's prediction. This model can provide reliable proof for the total fixed asset investment in Gansu Province.
Key concepts: Autoregressive integrated moving average, Fixed asset, Investment (military), Asset (computer security), Fixed investment, Production (economics), Economics, Econometrics