Economic Forecast for Urumqi to Build a Regional Financial Center

摘要

In May 2014, the second symposium on work in central Xinjiang proposed that Xinjiang should be built as a core zone of the Silk Road Economic Belt. For Urumqi to build a "Silk Road Economic Belt" regional financial center, Urumqi development is our concern. Therefore, it is of great significance to study the GDP of Urumqi. In this paper, three different prediction models, namely the GM (1,1) model, the trend moving average model and the univariate linear regression model, are used to predict the GDP of Urumqi from 2006 to 2015. Thus the GM (1,1) model is suitable for medium long-term forecast, the trend moving average model is suitable for short-term forecast, and the one-dimensional linear regression model can make long-term forecast.The comparison of three different prediction methods shows that Urumqi has great potential for development.