Analysis of economic indicators of developing of small business using econometric models

Analysis of economic indicators of developing of small business using econometric models
Khudoyorov Laziz Niyozovich

Karshi branch of the Tashkent University of Information Technologies named after Muhammad al-Kharizmi, Head of the information technologies department

Karshi city, street Mirmiron 27, Uzbekistan.

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Nowadays the development of small business and private entrepreneurship, the creation of a favorable business environment for entrepreneurship are considered one of the most actual issues in achieving stable economic growth in Uzbekistan. Therefore, it is important to accurately and optimally forecast the share of small business in the country's Gross domestic product through using mathematical models and taking into account reliable and influential factors [1]. In this article, the regression analyses of factors which influence the development of small business, are carried out and the order of analysis through using econometric models is observed.

In the third direction named after "Further development and liberalization of the economy" of the Action Strategy which was approved in our country by five priority areas of development of the Republic of Uzbekistan for 2017-2021 years, measures such as active attraction of foreign investment in the sectors and regions of the economy of the country through strengthening macroeconomic stability and maintaining high economic growth, increasing the competitiveness of the national economy, modernization and intensive development of agriculture, continuing institutional and structural reforms by reduction state participation in the economy, protecting the rights of private property and strengthening their important position, encouraging the development of small business and private entrepreneurship, socio-economically developing the regions, districts and cities in a comprehensive and proportional way, improving investment climate have been identified [2].

In the Action Strategy for 2017-2021 years, the implementation of sectoral programs which are involved 649 investment projects in the amount of $ 40 billion US dollar, is planned and in the result, it is expected that the production of industrial products will be increased by 1.5 times over the next 5 years, their share in gross domestic product will be increased from 33.6% to 36%, the share of the reprocessing industry will be increased from 80% to 85%.

Nowadays, the level of the share of small entrepreneurship in the country's gross domestic product is also directly related the volume of produced products, the number of people who are worked in small business and private entrepreneurship, the number of small businesses and private entrepreneurship. With taking account of this, the need for scientific analysis of these indicators for the future period using mathematical methods is considered one of the most actual issues of today.

In this article, we analyze the factors which influence the volume of products which are produced by small businesses and private entrepreneurs in Karshi city on the basis of regression analysis by using econometric models. Regression analysis is considered one of the most common methods in data analysis. In the analysis and forecasting of revenues, numerical data are commonly used, and the need for observing and analyzing the relationship between different sizes is appeared.

In the analysis of given numerical values, the arbitrary variable (X) and the involuntary (Y) variables are observed. Regression analysis explains the change of the values ​​of these variables.