Виробнича функція як засіб вдосконалення економічних досліджень

Abstract

The paper evaluates the further prospects of mathematical methods’ application to the economics. In particular, there had been considered the production function as the specific economic and statistical model, mapping the production output dependence on the production factors, as well as the economic essence of the production functions’ parameters along with their interpretation. There had also been suggested the methodics for conducting the economic analysis and forecasting activity procedure, based upon the production function. The suggested procedure of economic researches is tested on the basis of the economic background of Vinnytsia Oil and Fat Plant.