Prediction of Income of Rural Residents Based on Markov Model under the Background of Rural Revitalization

Xiaorong Li, Qianli Xing and Miaochao Chen

Journal of Mathematics, 2021, vol. 2021, 1-11

Abstract: The income of rural residents is not only an important indicator to measure the development of rural economy, but also a key factor in the livelihood of farmers. The accurate prediction of income of rural residents can provide data supporting for promoting rural revitalization strategy. This paper selects per capita disposable income of rural residents in China as the research object and uses the macrostatistical data from 2011 to 2020 to predict farmers’ income. Firstly, the grey prediction model is constructed, and the grey prediction value is corrected by Markov chain. The simulation value is compared with the real value. And the results show that the prediction accuracy of the model is higher. It shows that the results of using the grey Markov model to predict the income of rural residents in China from 2021 to 2025 are reliable. Finally, the article puts forward policy recommendations to promote the income of rural residents.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jjmath:6012973

DOI: 10.1155/2021/6012973

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