Study on the Current Situation and Prospects of China's Pet Industry based on the GWO-ARIMA Model

Abstract

With the economic development and the change of people's consumption concept, the pet industry has rapidly occupied the market share and driven the development of related industries, in order to further understand the current situation of the industry and its development prospects, to carry out this research. Based on the GWO-ARIMA model, the three major indicators for evaluating the development of the industry are “pet food”, “pet supplies” and “pet services”, and the data of the indicators in the past five years are collected and analyzed. Then, based on the correlation analysis-Pearson model, we select the influencing factor indicators and analyze the influence of each indicator on the development of the industry through heat map. Finally, we use the multiple linear regression model and the GWO-ARIMA model to predict that the development of China's pet industry in the next three years will be an upward trend with a bright future.