Analysis and Prediction of Equipment Manufacturing Industry Development by Gray Forecasting Model

Abstract-Equipment manufacturing industry is the pillar industry of our country, which plays an important role in the development of the social economic. Especially in recent years, it has become the most important engines for the economic growth. For grey forecasting model has the characteristics of a few indexes, operational convenience and can always keep pace of the updating data, so the paper makes a prediction of equipment manufacturing industry in the next five years by the way of grey forecasting model, and the result shows that the future of equipment manufacturing industry is good.