Analysis on the influence factors of Bitcoin’s price based on VEC model

Background:Bitcoin,the most innovate digital currency as of now,created since 2008,even through experienced its ups and downs,still keeps drawing attentions to all parts of society.It relies on peer-to-peer network,achieved decentralization,anonymous and transparent.As the most representative digital currency,people curious to study how Bitcoin’price changes in the past.Methods:In this paper,we use monthly data from 2011 to 2016 to build a VEC model to exam how economic factors such as Custom price index,US dollar index,Dow jones industry average,Federal Funds Rate and gold price influence Bitcoin price.Result:From empirical analysis we find that all these variables do have a long-term influence.US dollar index is the biggest influence on Bitcoin price while gold price influence the least.Conclusion:From our result,we conclude that for now Bitcoin can be treated as a speculative asset,however,it is far from being a proper credit currency.

Empirical Study on the Impact of Rural Labor Force Flow on the Price of Agricultural Products——A Method Based on VEC Model

Based on the research introduction of domestic and foreign scholars,dynamic equilibrium between the rural labor force flow and the price of agricultural product is analyzed by VEC model,according to the data of the rural labor force flow and the price of agricultural products in the years 1990-2007.Chows breakpoint test is used to measure the stage characteristics of the impact of rural labor force flow on the price of agricultural product.Result shows that there is a long-term and stationary relationship between the flow quantity of rural labor force and the price of agricultural product.Rural labor force flow,as an exogenous force,affects the agricultural production,and further influences the price fluctuation of agricultural products.Impact of rural labor force flow on the price of agricultural product is from weak to strong,then grows gradually weaker,and reaches its peak value at the year 1998.With the development of rural society and economy and the market process,rural labor force flow endogenously affects the price of agricultural product,which has periodic characteristics.In order to achieve a dual stabilization of the rural labor force flow and the price of agricultural products,the following countermeasures are put forward:vigorously developing vocational education,increasing the support for agricultural production,and making active employment measures.

Chinese News Text Classification Based on Convolutional Neural Network

With the explosive growth of Internet text information,the task of text classification is more important.As a part of text classification,Chinese news text classification also plays an important role.In public security work,public opinion news classification is an important topic.Effective and accurate classification of public opinion news is a necessary prerequisite for relevant departments to grasp the situation of public opinion and control the trend of public opinion in time.This paper introduces a combinedconvolutional neural network text classification model based on word2vec and improved TF-IDF:firstly,the word vector is trained through word2vec model,then the weight of each word is calculated by using the improved TFIDF algorithm based on class frequency variance,and the word vector and weight are combined to construct the text vector representation.Finally,the combined-convolutional neural network is used to train and test the Thucnews data set.The results show that the classification effect of this model is better than the traditional Text-RNN model,the traditional Text-CNN model and word2vec-CNN model.The test accuracy is 97.56%,the accuracy rate is 97%,the recall rate is 97%,and the F1-score is 97%.