Chong Liu, Wanli Xie, Tongfei Lao, Yu-ting Yao and Jun Zhang
Gross domestic product (GDP) is an important indicator to measure a country's economic development. If the future development trend of a country's GDP can be accurately predicted…
Abstract
Purpose
Gross domestic product (GDP) is an important indicator to measure a country's economic development. If the future development trend of a country's GDP can be accurately predicted, it will have a positive effect on the formulation and implementation of the country's future economic development policies. In order to explore the future development trend of China's GDP, the purpose of this paper is to establish a new grey forecasting model with time power term to forecast GDP.
Design/methodology/approach
Firstly, the shortcomings of the traditional grey prediction model with time power term are found out through analysis, and then the generalized grey prediction model with time power term is established (abbreviated as PTGM (1,1, α) model). Secondly, the PTGM (1,1, α) model is improved by linear interpolation method, and the optimized PTGM (1,1, α) model is established (abbreviated as OPTGM (1,1, α) model), and the parameters of the OPTGM (1,1, α) model are solved by the quantum genetic algorithm. Thirdly, the advantage of the OPTGM (1,1, α) model over the traditional grey models is illustrated by two real cases. Finally the OPTGM (1,1, α) model is used to predict China's GDP from 2020 to 2029.
Findings
The OPTGM (1,1, α) model is more suitable for predicting China's GDP than other grey prediction models.
Originality/value
A new grey prediction model with time power term is proposed.
Details
Keywords
Xinyue Zhou, Zhilin Yang, Michael R. Hyman, Gang Li and Ziaul Haque Munim
The purpose of this study is to develop a model called “IaaS adoption” to identify the various challenges and precise implications that hinder the adoption of infrastructure as a…
Abstract
Purpose
The purpose of this study is to develop a model called “IaaS adoption” to identify the various challenges and precise implications that hinder the adoption of infrastructure as a service (IaaS) in Germany.
Design/methodology/approach
The model was validated by an online survey of 208 bank employees.
Findings
The study found that the nine-five-circle factors (data security, risk and trust) and other factors proved to be statistically significant challenges for IaaS acceptance among banks in Germany.
Originality/value
The adoption of cloud technology and its advantages is still a critical issue for the conventional banking sectors in Germany.