Applying GM (1,1) Model in China's Apparel Export Forecasting

Abstract

Textile and garment industry is the livelihood industry in china, but the apparel industry has high foreign trade dependence degree, thus, it is very necessary to predict exports of clothing effectively. In this paper, GM (1,1) model is applied to predict the apparel export volume in the next 3-5 years, adopt the data from1999 to 2008 in order to verify the model, the results show that the prediction accuracy is better, the forecast shows that china's garment exports are still on the momentum of rapid growth from 2011 to 2013, the situation is more optimistic.