1. Industrial added value prediction based on multi-source data from the perspective of electricity consumption.
- Author
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Xu, Sen, Chen, Shuting, Sailike, Yeersen, Duan, Xiaoxian, and Guo, Kun
- Subjects
ELECTRIC power consumption ,ENERGY consumption ,VALUE (Economics) ,CONSUMPTION (Economics) ,ECONOMIC development - Abstract
Against the backdrop of increasing downward pressure on the global economy, domestic economic development also faces many uncertainties, especially the production of the industrial sector, which responds more quickly and sensitively to external shocks and internal adjustments, making it more difficult to predict industrial added value. Electricity, as an important terminal consumption energy, is a barometer of economic prosperity. Using a decomposition integration approach, a combination prediction method based on LSTM models with electricity consumption data is constructed, and short-term predictions of provincial industrial added value are made. The results show that the EMD-LSTM model with external data can achieve better short-term prediction results. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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