Fundamentals of Economic Diagnostics and Modeling in Assessing Socio-Economic Development

Authors

  • Sotvoldiev Nodirbek Jurabaevich

Abstract

Management decisions are made based on the problem. The problem is the imbalance between the situation and the result that needs to be achieved. A diagnosis should be made to determine this discrepancy. This requires quantitative assessment of various aspects of the situation. Quantitative recording of economic indicators will determine how well they meet these criteria. Hence, economic diagnostics is based on a model expressed in quantities. At the same time, the quantitative data obtained should be explored in meaning. Therefore, the diagnostic model is of analytical nature. Generally, economic diagnostics is based on a model that is based on quantitative evaluation and content analysis.

Diagnostics is performed using direct statistical data and sophisticated methods of economic analysis without direct access to the system. Economic diagnostics assesses how much inflow flows into outputs or how efficiently the resources are involved.

Economic diagnostics is based on the use of indirect measurements, and it defines modeling techniques. Therefore, a systematic review of system data, research using statistical techniques, the use of economic and mathematical models, and the use of linear programming to achieve quantitative expression goals are required.

Finding solutions for optimizing object performance In the mathematical model, the factors affecting the activity of an object are represented as variables. The analysis provides an integral indicator of the number of variables. Therefore, mathematical modeling allows optimizing the path in the "resource-result" chain by quantifying the expected results. From this point of view, economic and mathematical modeling is an important part of economic diagnostics.

 Keywords: economic diagnostics, methods, economic-mathematical, aggregation, system, information, estimation, object activity, research, model.

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Published

2019-12-09

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