THE ECONOMETRIC ANALYSIS OF THE INTERRELATION BETWEEN THE INCLUSIVE INDICATORS OF AZERBAIJAN, RUSSIA AND KAZAKHSTAN
THE ECONOMETRIC ANALYSIS OF THE INTERRELATION BETWEEN THE INCLUSIVE INDICATORS OF AZERBAIJAN, RUSSIA AND KAZAKHSTAN

Summary/Abstract: The article is dedicated interrelation of inclusive indicators of Azerbaijan, Russia and Kazakhstan during the period 1994-2020, from viewpoint inclusive indicator (GDP per capita).Analyses are consist of multivariate analysis of variance, multivariate correlation and regression analysis. Stability of parameters of multifactor regression model was checked by CUSUM test and CUSUM of Squares test and importance of multiply regression model is defined by Fisher and Student tests. The research uses an econometric methodology for studying the statistical interrelation between multidimensional non-stationary time series, including tests Dickey-Fuller and the stationarity of the new series adjusted from the second order difference operators of these time series was revealed. Using the procedures of the Eviews package, the adequacy of the multifactor regression model was determined, and economic interpretations of the results were analyzed and recommendations based on econometric approaches were given for forecasting. Approaches of modern economic and mathematical modeling is realized by EViews program.

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