Economics, management and ecology
Production function as a way for the economic research Improvement
Keywords
production function
economic analysis
forecasting activity
chain substitutions
productive (researched) index
factors
production function of cobb-douglas
co-factors
causal relationship
correlation ratio
determination coefficient
f-criterion of fisher
d-statistics
multicollinearity
auto correlation
coefficient of elasticity
absolute return
marginal rate of substitution
strategic analysis
Abstract
The paper evaluates the further prospects of mathematical methods’ application to the economics. In particular, there had been considered the production function as the specific economic and statistical model, mapping the production output dependence on the production factors, as well as the economic essence of the production functions’ parameters along with their interpretation. There had also been suggested the methodics for conducting the economic analysis and forecasting activity procedure, based upon the production function. The suggested procedure of economic researches is tested on the basis of the economic background of Vinnytsia Oil and Fat Plant.
How to Cite
[1]
“Production function as a way for the economic research Improvement”, Вісник ВПІ, no. 2, pp. 12–25, Nov. 2010, Accessed: Oct. 05, 2026. Available: https://visnyk.vntu.edu.ua/index.php/visnyk/article/view/304
