Modeling and Forecasting of the Lipetsk Region Socioeconomic Indicators in the Context of Sustainable Development

Abstract

The concept of sustainable development assumes a holistic approach to the development of the economy, society, and the biosphere. Many scientists and politicians today consider the regional level the main one in the implementation of sustainable development goals since any region is characterized by the interconnection of economic, social, and natural indicators that form a single system. Therefore, today the regions are becoming significant objects of economic and political relations. Determining the specifics and priorities of their development are urgent problems. The use of statistical methods and models is one of the tools for making informed decisions on a scientific basis in solving this problem. Correlation, regression, and factor analysis of the Lipetsk region's socio-economic indicators made it possible to identify the main trends and determine their compliance with the sustainable development goals.

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