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What is GDP Per Capita Forecasting in the USA about?

This study integrates econometric and machine learning techniques to forecast GDP per capita in the USA, utilizing data from 1960 to 2020. Key macroeconomic variables such as FDI inflows, trade ratios, and inflation were analyzed, revealing that FDI and trade positively influence GDP growth while inflation has a negative impact. An ensemble model combining ARIMA and LSTM methods demonstrated improved forecasting accuracy, providing valuable insights for policymakers to enhance economic strategies.

Author

International Journal of Innovative Science and Research Technology

Language

EN