The Analysis and Prediction of China's Gross Ocean Product in Coastal Areas---Based on the ARMA Model

Abstract

Wang, Q.; Yu, X., and Zhang, C., 2020. The analysis and prediction of China's gross ocean product in coastal areas---based on the ARMA model. In: Wan, Z. (ed.), Coordinated Sustainable Development in Coastal Areas: Environment and Economy. Journal of Coastal Research, Special Issue No. 109, pp. 51–56. Coconut Creek (Florida), ISSN 0749-0208.In the 21st century, more and more countries attach importance to the marine economy, and even many countries regard the development of the marine economy as a national key strategy. The marine economic development in China's coastal areas has been developing rapidly since the 1990s, but at the same time, the government needs to pay attention to the current transformation of the marine economic structure and the lack of new growth points. In this paper, the ARMA model is used to carry out regression analysis on China's total Gross Ocean Product (GOP) from 2001 to 2016 and forecast the value from 2020 to 2022.