Abstract
One of the main rules for the construction of multifactor econometric models is to determine the connection densities between the factors selected for the model, that is, to check the multicollinearity problem of the connection between the selected factors. He used the method of least squares to construct and analyze an econometric model between the volume of industrial output and its influencing factors. When the results of the built empirical model were analyzed based on the evaluation criteria of econometric models, the results of some criteria showed that the coefficients of the model were insignificant, and the result of the model was analyzed based on the criteria of re-evaluation by expressing the n-level regression equation. The built empirical model is analyzed economically, conclusions and suggestions are given.
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