Applied Mathematics and Nonlinear Sciences
Journal license

Journal

Applied Mathematics and Nonlinear Sciences


Volume
& Issue

Volume 8, Issue 1


Published
on

June 23, 2023


Pages

2709-2718


DOI

Article

Application of Economic Management System Based on Nonlinear Algebraic Equation

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Authors

Xinyao Lu Affiliation:
School of Vehicles Engineering, Chongqing Industry of Polytechnic, Chongqing, 401120, China.
and Ruihui Pu Affiliation:
Faculty of Economics, Srinakharinwirot University Bangkok, 10110, Thailand.


Abstract

To better construct the economic management system, the author proposes a method based on nonlinear algebraic equations. Using BDS statistics as the test method of data model correctness, it is proved that BDS statistics can be used to test the correctness of a large class of data models. Based on the actual economic data, the validity of the BDS statistical test method and its theory is verified. The experimental results show that the BDS statistics obtained are 5.77 and 7.11. It can be seen that BDS statistics reject AR (2) model. This implies that some part of the sequence has a large variance, which is derived from a different system, and therefore leads to the rejection of the null hypothesis. It is proved that BDS statistics can be used to test the correctness of a large class of data models.


Keywords

Nonlinear algebraic equations, Economic management system, BDS statistics, data model, 08A05


Citation

Lu, X. & Pu, R. (2023). Application of economic management system based on nonlinear algebraic equation. Applied Mathematics and Nonlinear Sciences, 8(1), 2709–2718. https://doi.org/10.2478/amns.2023.1.00451

Published by: Engineering Journals

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