Home  Journals  Economic Analysis: Theory and Practice  26(281) - 2012 July

Analysis of influence of foreign trade turnover on average salary in Russia according to statistical information from 1999 to 2011

Available online: 15 July 2012

Subject Heading: METHODS OF ANALYSIS

JEL Classification: 

In this article the analysis of foreign trade turnover impact to an average salary according to statistical information from 1999-2011 via econometric techniques is done. Statistically significant models of nominal and real salary changing, presented as a percentage of the previous period, are suggested by using correlation and regression analysis techniques and taking into account time series structure of data. Calculation results of forecast values of salary in 2012 are presented.

Keywords: correlation coefficient, regression model, coefficient of determination, Durbin-Watson d-statistic, standard error, autocorrelation, seasonal component, trend, forecast, confidence interval

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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