Using a Box-Jenkins model for production factor forecasting in the radio-electronic industry

The need of improvement in the Russian Federation electronic industry enterprise competitiveness presents qualitatively new requirements to the instrumental means of economic analysis. To a certain extent, this applies to the problems of factor analysis. The paper suggests a method of using a Box-Je...

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Bibliographic Details
Main Authors: Gorlacheva, E. N., Omelchenko, I. N., Drogovoz, P. A., Yusufova, O. M., Shiboldenkov, V. A.
Format: Conference Proceeding
Language:English
Subjects:
Decision analysis
Economic analysis
Economic forecasting
Factor analysis
Mathematical models
Online Access:Get full text
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Summary:The need of improvement in the Russian Federation electronic industry enterprise competitiveness presents qualitatively new requirements to the instrumental means of economic analysis. To a certain extent, this applies to the problems of factor analysis. The paper suggests a method of using a Box-Jenkins model for possible production factor increment values forecasting. The paper contains interpretation of the results obtained. The proposed instrument of predictive factor analysis can be used in practice to support management decisions dealing with strategic development of industrial enterprises and increasing their economic efficiency.
ISSN:0094-243X
1551-7616
DOI:10.1063/5.0074528