Statistical assessment of economic potential based on multiple regressional analysis

Abstract

Purpose: to develop an algorithm for statistical assessment of economic potential, taking into account the influence of external and internal factors, based on multiple regression analysis. Discussion: the main topic is the quantitative assessment of the impact of various factors on the economic activity of an enterprise. Giving factors values that can be measured allows you to assess changes in the economic potential of the organization and determine the negative and positive factors of influence. Using the method of correlation and regression analysis based on statistical data, a study of external and internal factors affecting the company's activities was conducted. An algorithm for assessing economic potential consisting of a number of stages has been developed, including five stages: selection of those economic or financial indicators that most significantly characterize the current financial and economic state of an economic entity; selection of information sources of reporting necessary for analysis; determination of dependencies between variables that need to be described by linear correlation coefficients; study of dependencies; forecast of changes in the development of the economic potential of an enterprise. Results: the algorithm has been developed for evaluating the economic potential, taking into account the influence of external and internal factors.