Using a Box-Jenkins model for production factor forecasting in the radio-electronic industry
Е. Н. Горлачева, Irina Omelchenko, Pavel Drogovoz, O. M. Yusufova, Vladimir A. Shiboldenkov
Abstract
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.
Topics & Concepts
Production (economics)Computer scienceFactor (programming language)Russian federationFactors of productionInterpretation (philosophy)Industrial productionOperations researchBusinessEconomicsMacroeconomicsProgramming languageEconomic policyEngineeringKeynesian economicsEngineering Education and TechnologyEconomic and Technological Systems AnalysisEconomic and Technological Developments in Russia