OPTIMAL MACHINE LEARNING BASED FORECASTING MODEL TO ANALYZE THE IMPACT OF TRADE LIBERALIZATION IN CHINA’S ECONOMY ON EXPORT PERFORMANCE

China's economic trajectory has garnered significant attention globally, driven by its impressive growth and increased integration into the international trade arena. In response to this, China has strategically implemented a series of trade liberalization policies aimed at fostering economic development, attracting foreign investment, and enhancing global competitiveness. Despite the importance of these policies and their potential impact on the nation's export performance, there is a discernible gap in the literature that necessitates a more sophisticated and forward-looking approach. Traditional forecasting methods applied in economic analyses, while valuable, face challenges in capturing the inherent complexity of economic variables influenced by rapidly changing policies and the dynamic nature of global market forces. Acknowledging this gap, our research is inherently motivated by the urgent need for an accurate and efficient forecasting model capable of navigating the intricate and ever-evolving economic landscape of China. In this study, we introduce an optimal machine learning-based forecasting model to analyze the impact of trade liberalization on China's economy and its export performance. Initially, we extract meaningful features from the provided China's economic dataset, optimizing these features through the modified chicken swarm optimization (MCSO) algorithm. Furthermore, we design the convolutional neural network–bagged decision tree (CNN-BDT) for China's economic forecasting, specifically designed to reduce the false positive rate. Finally, we validate the performance of the proposed CNN-BDT model using sample data of China's exports to the US from 2015 to 2021. The results demonstrate the effectiveness of the proposed CNN-BDT model in terms of performance metrics, including accuracy, precision, recall, and F-measure.

Authors

Institutions

Publication Details

Journal
Journal of Modern Applied Statistical Methods
Published
2024-12-17
DOI
https://doi.org/10.56801/jmasm.v23.i2.7
Primary Topic
Global Trade and Competitiveness
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

OPTIMAL MACHINE LEARNING BASED FORECASTING MODEL TO ANALYZE THE IMPACT OF TRADE LIBERALIZATION IN CHINA’S ECONOMY ON EXPORT PERFORMANCE

Wei Zhang, Dr.Pushpa
Journal of Modern Applied Statistical Methods
Global Trade and Competitiveness
article

OPTIMAL MACHINE LEARNING BASED FORECASTING MODEL TO ANALYZE THE IMPACT OF TRADE LIBERALIZATION IN CHINA’S ECONOMY ON EXPORT PERFORMANCE

Wei Zhang, Dr.Pushpa
article en

Abstract

China's economic trajectory has garnered significant attention globally, driven by its impressive growth and increased integration into the international trade arena. In response to this, China has strategically implemented a series of trade liberalization policies aimed at fostering economic development, attracting foreign investment, and enhancing global competitiveness. Despite the importance of these policies and their potential impact on the nation's export performance, there is a discernible gap in the literature that necessitates a more sophisticated and forward-looking approach. Traditional forecasting methods applied in economic analyses, while valuable, face challenges in capturing the inherent complexity of economic variables influenced by rapidly changing policies and the dynamic nature of global market forces. Acknowledging this gap, our research is inherently motivated by the urgent need for an accurate and efficient forecasting model capable of navigating the intricate and ever-evolving economic landscape of China. In this study, we introduce an optimal machine learning-based forecasting model to analyze the impact of trade liberalization on China's economy and its export performance. Initially, we extract meaningful features from the provided China's economic dataset, optimizing these features through the modified chicken swarm optimization (MCSO) algorithm. Furthermore, we design the convolutional neural network–bagged decision tree (CNN-BDT) for China's economic forecasting, specifically designed to reduce the false positive rate. Finally, we validate the performance of the proposed CNN-BDT model using sample data of China's exports to the US from 2015 to 2021. The results demonstrate the effectiveness of the proposed CNN-BDT model in terms of performance metrics, including accuracy, precision, recall, and F-measure.

Journal of Modern Applied Statistical MethodsVol. 23
East China University of Technology (CN)
Partnerships for the goals
Openalex Percentile: Top 59%
Global Trade and Competitiveness
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.