Author(s)

YuFei Yang

Affiliation(s)

Department of Mathematics and Statistics, Guangxi Normal University, Guilin 541006, Guangxi, China.

Corresponding Author

YuFei Yang

ABSTRACT

Today in the process of economic development across China, the economic differences between regions are not well handled. As it is often said in economics, differences in economic development are inevitable because different regions have different development patterns. Appropriate regional economic differences can reasonably optimize and allocate resources and promote regional economic development, but if the regional economic differences are too large, the regional Gini coefficient will increase, which will easily generate social conflicts and is not conducive to the development and construction of society. The balanced development of Guangxi is related to the people's livelihood and well-being of Guangxi people and the important interests of Chinese nation, as well as the long-term stability of China's frontier regions. Therefore, it is of great practical significance to discuss the differences in economic development across Guangxi and their influencing factors in order to solve the economic development problems in the less developed regions in the west. This article focuses on the differences of regional economic development in Guangxi, studies its balanced development, statistically analyzes the historical data of Guangxi's economy, predicts the future trend, analyzes the existing problems and puts forward optimization suggestions through methods such as principal component analysis, cluster analysis and establishment of ARIMA model.

KEYWORDS

Guangxi; Regional economic differences; Principal component analysis; ARIMA model; Cluster analysis

CITE THIS PAPER

YuFei Yang. Forecast of economic development in Guangxi Zhuang autonomous region and its variance analysis. World Journal of Economics and Business Research. 2025, 3(3): 76-85. DOI: https://doi.org/10.61784/wjebr3058.

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