Journal
JOURNAL OF COASTAL RESEARCH
Volume -, Issue -, Pages 677-681Publisher
COASTAL EDUCATION & RESEARCH FOUNDATION
DOI: 10.2112/SI106-153.1
Keywords
Structured data; unstructured information; model
Funding
- Science Foundation of Beijing Language and Culture University
- Fundamental Research Funds for the Central Universities [19YJ050002]
- National Social Science Foundation of China [16BJL013]
- Liaoning Economy and Society Development Program [2020lslktyb-035]
- Liaoning Key Development Program [2018401010]
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Online data are widely used today, and whether and how to use them in industry forecasting has become an important field of economic research. In economic analysis, two types of data can be applied: structured data and unstructured information. Government statistics are well structured, whereas Internet online information belongs to the nonstructured information category. This study uses government statistics and online data, applies the OxMetrics software packages, and forecasts the development of the marine engineering equipment manufacturing industry. The research shows that the application of online data can help improve the forecast results, while making full use of both structured data and unstructured information. From the structured data and unstructured information of 2012-2018, development of the 2019 marine engineering equipment manufacturing industry is forecast.
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