Forecasting the prime-cost of products of the oil refining industry of Uzbekistan in reliance upon trend analysis

Аннотация

Trend analysis of the prime-cost of products of the oil refining industry as a way to analyze its economic efficiency enables to determine the market trends of the past in order to forecast possible values of the indicator in the future. Thus, this article is devoted to the consideration of the change in the prime-cost of products in the oil refining industry in Uzbekistan for 2011-2020. In addition, the article provides the trend analysis of the prime-cost price, as well as forecasts made for the next 5 years. Moreover, the author has developed recommendations aimed at reducing the prime-cost of the industry’s products.