MULTIFACTORIAL ECONOMETRIC ANALYSIS OF PRODUCTION ACTIVITY IN AGRICULTURAL ORGANIZATIONS
Multifactorial econometric analysis in agriculture, currently, along with classical methods of analysis, is one of the most important methods of research and regulation of production efficiency, synthesizing the results of the use of all the organization resources. The article considers the application of econometric models in the analysis of agricultural production, allowing to provide management for the best development of production activities. The internal and external factors, providing direct impact on the results of economic activity, are formulated. It is proposed to use the Cobb-Douglas model in the analysis of agriculture, the peculiarity of which is that each of the factors of this model is necessary for the existence of the result, and the absence of even one resource shows that production will equal to zero, that is, production is permissible only with the general availability of resources.