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Candidate of economic Sciences, Kabashova E.V.

Bashkir State Agrarian University, Ufa, Russia

PREDICTION INDICATORS OF MONEY INCOME OF THE POPULATION ON THE BASIS OF TREND MODELS

 

Scientific prediction is an integral component of all human activity, including economic, necessary for the development strategy and plan the activities of the organization, the industry and the country as a whole.

Prediction of indicators of incomes of the population means a scientific study, aimed at identifying their dynamics in the future to reflect changes in the factors influencing them.

Prediction of incomes is intended to solve the following tasks:

- to determine the future values of the income of the population;

- choose activities and economic policy with regard to the forecasting assessments;

- to identify factors that influence the incomes in the future.

One of the statistical methods of prediction is to calculate the prediction based on the trend and variability of the dynamic series to date.

The trend model is one of the simplest forecasting models used in practice, which is a regression model in which the dependent variable are the indicators of incomes of the population, and the independent variable – time [6].

Because trends in time series of socio-economic indicators, including indicators of the monetary income of the population, is very diverse and the trends can take a variety of forms.

Prediction performance of monetary incomes of the population by the trend model includes the following steps.

Stage 1. The choice of indicators that characterize the income of the population, based on a qualitative theoretical and economic analysis of the essence of the phenomenon being studied.

To predict the performance of monetary income of the population we have selected the following indicators: real income, per capita money income of population, average monthly accrued nominal wage, average pension, the share of wages in the money income of the population, the share of social benefits in monetary incomes of the population, the poverty rate, coefficient of funds and Gini coefficient [4].

Stage 2. The choice of equation of trend and estimation of its parameters.

To recognize the type of trend used the graphical method and the maximum value of reliability of approximation (R2).

Stage 3. The calculation of point forecasts of indicators of incomes of the population.

As the period of forecasting of indicators of incomes of the population selected a five-year period from 2017 to 2021, as on the recommendation of statistical science term removal of the projected level in time from the end of the calculation base of the trend should be not more than one third of the duration of the base.

Point forecast is the forecast value of the index, which is determined by substituting into the equation of the trend values of time t.

Stage 4. The calculation of forecast errors (average (standard) error and marginal error) of indicators of incomes of the population.

Stage 5. Determination of the confidence interval of the forecast.

Point forecast and confidence intervals of the forecast of indicators of incomes of the population of the Republic of Bashkortostan for 2017-2021 years presented in table 1.

Table 1 Forecast values of indicators of monetary incomes of the population

of the Republic of Bashkortostan

 

Years

Error of forecast

The lower limit of the forecast

Point

forecast

The upper limit of the forecast

mean

ultimate

Real money income, in % to the previous year

2017

2,49

5,37

91,7

97,1

102,5

2021

2,93

6,32

85,9

92,2

98,6

Average per capita monetary income of the population, rubles

2017

607,93

1313,13

29277,9

30591,0

31904,1

2021

715,00

1544,39

36421,0

37965,4

39509,8

Average monthly accrued nominal wage, rubles

2017

575,09

1242,19

27549,4

28791,6

30033,8

2021

676,37

1460,96

34138,6

35599,6

37060,6

The average size of pensions, rubles

2017

431,27

931,55

11127,4

12059,0

12990,5

2021

507,22

1095,60

13943,6

15039,2

16134,8

The share of wages in monetary income, %

2017

1,65

3,57

23,6

27,1

30,7

2021

2,53

5,47

19,9

25,4

30,9

The share of social benefits in monetary incomes, %

2017

1,23

2,65

18,4

21,0

23,7

2021

1,88

4,06

24,4

28,5

32,5

The level of poverty, %

2017

2,00

4,31

3,6

7,9

12,2

2021

2,35

5,07

1,1

6,2

11,3

Coefficient of funds

2017

0,59

1,28

13,1

14,4

15,6

2021

0,91

1,96

6,9

8,8

10,8

Gini Coefficient

2017

0,010

0,022

0,380

0,403

0,425

2021

0,016

0,034

0,315

0,349

0,383

 

Thus, according to table 1, we can conclude that in the Republic of Bashkortostan in 2021 compared to the 2015 year:

- the rate of growth in real incomes will shrink by 1.4 per cent to 92,2 per cent (relative to 2020);

- the average income of the population will increase by 36,8% and will be 37965,4 rubles per month;

- average monthly nominal accrued wages of employees of organizations will increase by 37,3% and will be 35599,6 rubles [4];

- the average size of pensions will increase by 31,7% and amount to 15039,2 rubles;

- the share of wages in money incomes will be reduced by 10,9 per cent and will amount to 25,4%;

- share of social benefits in monetary incomes of the population will be reduced by 73,8 per cent and will amount to 28.5%;

- the level of poverty will decrease by 51,6% and will be 6,2%;

- the coefficient of funds will decrease by 44,3% and amount to 8,8%;

- the Gini coefficient will decrease by 15,7% and according to the projected estimates it will amount to 0,349 in 2021.

In order to further improve incomes and the welfare of the population of the Republic, the poverty reduction and differentiation of individuals and households by income the following measures are necessary [1]:

- increase salaries of the public sector and improving the system of remuneration of employees of state institutions in accordance with the recommendations of the Russian tripartite Commission on regulation socially-labour relations;

- the development of the Republican agreement between the Federation of trade unions of the Republic of Bashkortostan, the Republican associations of employers of the Republic of Bashkortostan and the government of the Republic of Bashkortostan;

- the gradual increase in the wages of low-paid workers to a living wage of able-bodied population, changes in the structure of the consumer basket;

- implementation of control over the implementation by employers of the legislation on minimum wage, the legalization of «shadow» wages;

- development of system of social partnership, maximizing the use of its mechanisms in order to increase the level of remuneration, social protection of workers and the total population of the Republic.

Literature

1. Resolution of the government of the Republic of Bashkortostan of September 30, 2009, ¹ 370 «On the Strategy of Social and Economic Development of the Republic of Bashkortostan until 2020» [Electronic resource]: Access mode: https://economy.bashkortostan.ru/dejatelnost/strategicheskoe-planirovanie/strategiya-razvitiya-respubliki-bashkortostan/strategiya-bashkortostana-2020/ - 15.06.2017.

2. Zherebin V. M. Indicators of population life quality / V. M. Zherebin // Questions of statistics. – 2012. – N 3. – P. 25-36.

3. Ivanova E. S. Statistical study of the dynamics of use of labor resources at the enterprise / E. S. Ivanova, E. V. Kabashova // Modern trends in science and industry: proceedings of the III International scientific-practical conference. 2016. – P. 252-254.

4. Kabashova E. V. The use of models of multiple regression in the analysis of the incomes // Scientific review. Actual problems and prospects of economic development: Russian and foreign experience: scientific review teachers, postgraduates, masters and students of Russian universities. Moscow: Buki-Vedi, 2016. – P. 8-10.

5. Kabashova E. V. Statistical research of incomes and their differentiation in the Republic of Bashkortostan: monograph / E. V. Kabashova, N. T. Rafikova. – Ufa, Publishing House: «Health Of Bashkortostan», 2008. – 127 p.

6. Kabashova E. V. Study of population incomes: the philosophical aspect // Scientific provision of sustainable development of agriculture: materials of All-Russian scientific-practical conference. Ufa, 2011. – P. 355-363.

7. Regions of Russia. Socio-economic indicators. 2015: Stat collection / Rosstat. M., 2015. – 1266 p.