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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Applications Analysis of Short-term Statistical Forecasting of Macroeconomic Data

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DOI: 10.25236/icemeet.2019.423

Author(s)

Yue Guan

Corresponding Author

Yue Guan

Abstract

With the development of macroeconomic theory, macroeconomic forecasting has become an important aspect of empirical analysis. The core idea of short-term macroeconomic forecasting method is to discover the inherent law of statistical data through specific methods and technologies, and use this law to predict the future. This paper analyses the characteristics of macroeconomic data and gives application examples of short-term statistical forecasting of macroeconomic data. We suggest Establishing Index System, Enhancing Elasticity Prediction and Making Full Use of Big Data to obtain relatively accurate prediction of macroeconomic data.

Keywords

Macroeconomic data, Short-term statistical forecasting, GDP