The applied aspect of the use of statistical models in the operating activities of the company is discussed in the article.
The author offers a statistical model that allows you to determine the demand function, based on which you can predict
the volume of sales and the forecast to be included in the current operational plans. The author provides a calculation
algorithm that allows you to build a model with a certain quality assessment and reliable results using econometric
methods. The purpose of the model is the selection of independent factor characteristics that have the strongest effect on
changes in sales. A multiple regression model is being constructed. The author puts forward hypotheses and, using tests
and certain statistical coefficients, checks them at a certain confidence interval. Given that any entrepreneur is faced with
the task of maximizing profits in a certain competitive environment, the task of identifying factors that have a significant
impact on demand is extremely important.
APPLICATION OF ECONOMETRIC METHODS IN OPERATIONAL PLANNING
Published 09-2020
Abstract
Language
Рус
Keywords
economic model
demand function
econometrics
multiple regression
multicollinearity
hypothesis testing
marginal indicator
forecast interval
model quality
How to Cite
[1]
Бабич, В. 2020. APPLICATION OF ECONOMETRIC METHODS IN OPERATIONAL PLANNING. Bulletin of the Abai KazNPU, the series of "Physical and Mathematical Sciences". 71, 3 (Sep. 2020), 45–51. DOI:https://doi.org/10.51889/2020-3.1728-7901.06.