Implementation of Mathematical Modeling Tools for Analysis of Economic Processes and Forecasting of Expenses

Abstract

The article is devoted to the consideration of various practices of using mathematical modeling for analysis of economic processes. The article contains specific examples of the application of mathematical modeling methods, including methods based on tools of the theory of probability and mathematical statistics. The purpose of the article is to draw the reader's attention to the widespread applicability and effectiveness of methods and tools of economic and mathematical modeling for solving applied problems in the subject area. The study has shown that the use of individually adapted models based on the basic elements of the mathematical apparatus is effective for solving highly specialized applied problems including tasks connected with forecasting costs and assessing possible risks.