To accurately predict the economic development of each industry in different types of regions, a deep convolutional neural network model was designed for predicting the annual GDP; GDP growth index; and primary, secondary and tertiary industry growth values of each. In the model, raw industrial data are preprocessed by a normalization operation and subsequently transformed by the BoxCox method to approach the normal distribution. Panel data of consecutive years are constructed and used as input to the deep convolutional neural network, and industrial data of year t + 1 are used as the output of the network. Simulation experiments were conducted to analyze 23 years of industrial economic data from 31 provinces, municipalities, and autonomous regions in China. The experimental results show that R-squared value is larger than 0.91 for all 31 provinces and root mean squared log errors (RMSLE) of all regions are less than 0.1, which demonstrate that the proposed method achieves high prediction accuracy with generalization capability and can accurately predict the economic growth trends of different types of regions.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.