Research on the Correlation between Information and Communication Technology Development and Consumer Spending Based on Artificial Intelligence and Time Series Econometric Model

In order to explore the correlation between ICT development and consumer spending, this paper uses artificial intelligence and time series econometric models to study the correlation between ICT development and consumer spending. Moreover, this paper organically combines the advantages of wavelet an...

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Bibliographic Details
Published in:Journal of electrical and computer engineering 2022-06, Vol.2022, p.1-11
Main Authors: Fan, Chaozhi, Law, Siong Hook, Ibrahim, Saifuzzaman, Naseem, N. A. M.
Format: Article
Language:English
Subjects:
Alliances
Artificial intelligence
Cluster analysis
Consumer behavior
Correlation analysis
Decision making
Econometrics
Economic growth
Information flow
Markov chains
Time series
Wavelet analysis
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Summary:In order to explore the correlation between ICT development and consumer spending, this paper uses artificial intelligence and time series econometric models to study the correlation between ICT development and consumer spending. Moreover, this paper organically combines the advantages of wavelet analysis and hidden Markov model to construct a wavelet domain hidden Markov chain model. It is used to examine the flow of information on different scales related to the development of communication technology and consumer spending, so as to infer the potential mechanism of the interaction of different traders’ behaviors from the other side. Through cluster analysis, it can be seen that the correlation analysis method of information and communication technology development and consumption expenditure based on artificial intelligence and time series econometric model proposed in this paper has certain reliability. At the same time, there is a strong correlation between the development of communication technology and consumer spending.
ISSN:2090-0147
2090-0155
DOI:10.1155/2022/1645232