Mathematical Model for Izhevsk Primary Housing Market

Abstract

The paper deals with the problem of the economic and mathematical analysis of the state and prospects for the formation and development of the regional housing market, the state of which seriously affects, among other things, the social and economic situation in the region. With the help of statistical methods for studying panel data, models for the supply and demand of the primary housing market in Izhevsk have been constructed. The analysis of the situation in the market of Izhevsk is conducted in comparison with a number of other cities of the Volga Federal District. The main factors that significantly influence the state and development of the market are identified. The formation of the model occurred in several stages by successive refinement and variation by factors. The factors of demand and supply, which are, in this case, one of the defining factors, are considered in sufficient detail. To construct the model, the statistical data processing language R and the corresponding software were used. The carried out analysis includes a thorough check of the main criteria for evaluating the obtained models, which allows us to judge adequately the correctness of the results obtained.