An Analysis of the Economic Impact of US Presidential Elections Based on Principal Component and Logical Regression

• Main Authors: Jing-Jing Wang, Yan Liang, Jin-Tao Su, Jia-Ming Zhu
• Format: Article
• Language: English
• Published: Hindawi-Wiley 2021-01-01
• Series: Complexity
• Online Access: http://dx.doi.org/10.1155/2021/5593967

Economy is one of the major issues in the United States presidential election campaign. In order to investigate the impact of the US presidential election on the economy, this paper first constructs an analysis model of the economic impact on the United States based on stepwise regression and principal component analysis to analyze the focus of different candidates’ attention on the economic issues and its possible impact on the US economy in the election year and after the election; secondly, a Chinese economic impact analysis model based on factor analysis and machine learning logistic regression was constructed to analyze the impact of the US presidential election on the Chinese economy. At the same time, the future economic development of the United States and China based on the time series prediction model is forecast and analyzed, respectively. Finally, the countermeasures and policy suggestions on China’s related economic development are put forward.