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Utilizing time series analysis to forecast the growth of mobile payment users and its implications for the digital economy

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  • Ting Liang
  • Shuang Li

Abstract

Mobile payment systems have experienced rapid growth, but accurate forecasting remains challenging due to market dynamics and complex adoption factors. This paper proposes a Hybrid ARIMA-LSTM-Transformer model that combines time series forecasting, sequential learning, and attention mechanisms to address these challenges. Experimental results across five datasets demonstrate our model’s superior performance with MAE of 0.075, RMSE of 0.121, and R2 score of 0.948, outperforming traditional approaches. The model’s high accuracy and adaptability make it valuable for real-world applications in digital economy planning and mobile payment market analysis.

Suggested Citation

  • Ting Liang & Shuang Li, 2025. "Utilizing time series analysis to forecast the growth of mobile payment users and its implications for the digital economy," PLOS ONE, Public Library of Science, vol. 20(8), pages 1-27, August.
    • Handle: RePEc:plo:pone00:0327811
    DOI: 10.1371/journal.pone.0327811
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    References listed on IDEAS

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    1. Huosong Xia & Jing Liu & Justin Zuopeng Zhang & Lakshmi Goel & Yuan Wang, 2024. "Knowledge acquisition model of mobile payment based on automatic summary technology," Electronic Commerce Research, Springer, vol. 24(1), pages 131-154, March.
    2. Pal, Abhipsa & Herath, Tejaswini & De', Rahul & Raghav Rao, H., 2021. "Why do people use mobile payment technologies and why would they continue? An examination and implications from India," Research Policy, Elsevier, vol. 50(6).
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