Abstract

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APPLICATIONS OF GENETIC ALGORITHMS IN GDP FORECASTING

F. Masooma Nigar, Prashant Saxena


Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time. GDP per capita is often considered an indicator of a country's standard of living; GDP per capita is not a measure of personal income.In today’s Economy Driven world, every country wants to keep its GDP rate as high as possible, to maintain its position among various other countries. To keep the rating high the country needs to do more and more development, and in this way they provide a better living to their citizens.A system to forecast the GDP of a company in a given period of time is a good idea, as it will prove beneficial to the countries, by letting them know in which area to invest more and when