SYSTEMATIC REVIEW OF LITERATURE: STATISTICAL APPROACHES AND ECONOMETRIC MODELS IN BUSINESS DEVELOPMENT
Keywords:
Business development, statistical evaluation, econometric modeling, innovation, economic forecastingAbstract
This study examines the role of statistical evaluation and econometric modeling in analyzing business development processes. These methodologies are essential for understanding economic relationships, forecasting trends, and enabling data-driven decision-making. The research highlights their widespread application in developed economies, emphasizing time-series analysis, regression models, and structural equation modeling. Empirical studies demonstrate their effectiveness in employment generation, innovation impacts, and policy evaluation.
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