Modern trends in management, economics and business: from theory to practice
- Authors:
- Denis A. Gushchin, Alina E. Sennikova
- Work direction:
- Информационные технологии в управлении, экономике и предпринимательстве
- Abstract:
- This article explores methods of econometric analysis of financial indicators. The most current and necessary approaches for studying the financial sector in 2023 are identified in this article. The article highlights three main classes of econometric models: time series models, single-equation regression models, and simultaneous equation systems. It is important to emphasize that the choice of method depends on specific goals and the characteristics of the available data. Factors such as data availability and quality, model complexity, research objectives, time frames, and the complexity of relationships all influence the selection of the most appropriate method. Ultimately, the article underscores the importance of carefully selecting a method, conducting an analysis of results, and making informed decisions for effective financial management and forecasting future changes.
- Keywords:
- methods of econometric analysis, econometric research, statistical processing and grouping of information, variational and variance analysis, regression and correlation analysis, statistical equations
Modern trends in management, economics and business: from theory to practice