Econometric modelling of factors affecting the volume of trade services provided in the Bukhara region

Abstract

This article examines trends in the volume of trade services provided in the Bukhara region and identifies the economic, demographic, and infrastructural factors affecting its development. The volume of trade services is selected as the dependent variable, while population, household income, retail trade turnover, the number of trade enterprises, fixed capital investment, and tourist flows are considered explanatory variables. Relationships between the selected indicators are assessed using correlation and regression analysis and multivariate econometric modelling. Based on the findings, recommendations are developed to increase the volume of trade services, improve trade infrastructure, and forecast the sector's future indicators in the Bukhara region.