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Forecasting of the American Digital Economy Using ARIMA Model

Article

Last updated: 05 Jan 2025

Subjects

-

Tags

Digital economies
Forecasting
COVID-19
Time series analysis
GDP
ARIMA Model
Forecasting of the American Digital Economy Using ARIMA Model
2021 International Conference on Electronic Engineering (ICEEM)

Abstract

This paper forecasts the digital economy trends during a COVID-19 pandemic in the world. Considered the USA one of the world's largest economies and has recently been shifting almost completely to digital economies. Therefore, this paper used the auto-regressive integrated moving average (ARIMA) model and the gross domestic product (GDP) for the USA over the period 1960-2019. As we arrive at the peak of the COVID-19 pandemic, one of the most squeezing questions confronting us is: what is the likely effect of the ongoing emergency on the digital economy development rate? The results have been shown first that the GDP growth for both years 2020 and 2021 is approximately 6% for the USA. Second, we conclude that the COVID-19 pandemic cannot influence the countries that depend on technology and the digital economy. Thus, technology is playing a very significant role in our daily life and nations' economies.

Keywords

Digital economies, Forecasting, COVID-19, Time series analysis, GDP, ARIMA Model

Authors

First Name

Ahmed

Last Name

Alfarra

Affiliation

School of Management Harbin Institute of Technology Harbin, 150001, China. Faculty of Economics and Administrative Sciences The Islamic University Gaza, 108, Palestine

Email

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City

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Orcid

-

First Name

Ahmed

Last Name

Hagag

Affiliation

Department of Scientific Computing, Faculty of Computers and Artificial Intelligence, Benha University, Benha, 13518, Egypt

Email

-

City

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Orcid

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Volume

2nd IEEE International Conference on Electronic Eng., Faculty of Electronic Eng., Menouf, Egypt, 3-4 July. 2021

Issue Date

1 Jan 2021

Publish Date

14 Jun 2021

Page Start

259

Page End

263

Link

https://iceem2021.conferences.ekb.eg/article_1133.html

Order

47

Publication Type

Conference

Publication Title

2021 International Conference on Electronic Engineering (ICEEM)

Publication Link

https://iceem2021.conferences.ekb.eg/

Details

Type

Article

Locale

en

Created At

13 Dec 2022