Open AccessMethods of Forecasting the Development of the Nation's Economy Based on the Forecast of Automotive Products Export
Author(s) -
Burdina Anna Anatolyevna*,
Moskvicheva Natalia Valerevna,
Melik-Aslanova Narmina Oktay
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.c4593.098319
Subject(s) - automotive industry , reliability (semiconductor) , industrial organization , economy , business , economics , engineering , power (physics) , physics , quantum mechanics , aerospace engineering
Various forecasting methods and models have been analyzed, the possibility of their use in forecasting the automotive products export has been substantiated in the study. A mechanism for predicting the automotive products export based on regression analysis, Fisher's ratio, Pearson correlation coefficient has been proposed. The analysis of the automotive products market has been conducted, a mechanism has been designed to substantiate the connection between the export of automotive products and the development of the nation's economy. A methodology has been developed to forecast the development of the nation's economy based on the forecast for automotive products export. The reliability of the statement that the sale of cars characterizes the development of the economy has been proved. The proposed methodology is recommended to be used for forecasting GDP, development of the nation's economy, and at the strategic level of planning the development of the automotive industry.