Empirical Econometric Model of an Enterprise

Abstract

This work will present an empirical econometric model describing an enterprise within the category of medium-sized companies (according to European Union classification). The company, code-named ENERGY, carries out a manufacturing, commercial, and service business activity. The statistical data used was in the form of quarterly time series, containing 24 statistical observations from the years 2008–2013. A hypothetical model of the enterprise is a system of interdependent equations.

Keywords

• econometric micromodel
• microeconometrics
• empirical model
• enterprise
• production
• c30
• c32
• c51
• c53
• d24