D 2020

REGRESSION ANALYSIS AS A SUPPORT TOOL FOR STRATEGIC DECISIONS IN MINING AND OTHER COMPANIES

HUBÁČEK, Jaroslav, Ladislav MORAVEC, Omar AMEIR a Daniela NAVRÁTILOVÁ

Základní údaje

Originální název

REGRESSION ANALYSIS AS A SUPPORT TOOL FOR STRATEGIC DECISIONS IN MINING AND OTHER COMPANIES

Autoři

HUBÁČEK, Jaroslav (203 Česká republika, domácí), Ladislav MORAVEC (203 Česká republika), Omar AMEIR (203 Česká republika, domácí) a Daniela NAVRÁTILOVÁ (203 Česká republika, domácí)

Vydání

Bulharsko, 20th International Multidisciplinary Scientific GeoConference SGEM 2020, od s. 239-244, 6 s. 2020

Nakladatel

International Multidisciplinary Scientific Geoconference SGEM

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50204 Business and management

Stát vydavatele

Bulharsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

Kód RIV

RIV/26867184:_____/20:N0000029

Organizační jednotka

Moravská vysoká škola Olomouc

ISSN

Klíčová slova anglicky

Regression analysis; model; company; competitiveness; strategic management; Mining

Štítky

Změněno: 4. 5. 2021 13:54, Ing. Michaela Nováková

Anotace

V originále

Regression analysis is widely used in situations where it is necessary to determine the dependence of a certain quantitative (continuous) variable on one or more other quantitative (continuous) variables, so-called regressors. It is necessary to determine in advance which variable is independent (explanatory) and which is dependent (explained). The aim of the regression analysis is to describe this dependence using a suitable mathematical-statistical model. The presented paper aims to find the possibilities of using this method in strategic management as a suitable tool for investment and operational activities. Appropriately used regression analysis can find connections, for example, between the volume of mining and macroeconomic indicators of the national economy and the application of these results appears to be another tool for better, more efficient and competitive business management in all sectors of the economy. The theoretical basis of the method is applied to selected sectors of companies such as trade unions, industrial companies, etc. In the research, a tool is created in the MS Excel environment, which can find suitable dependencies according to defined parameters. Based on these results, the management of any company can better define their decisions, whether of a strategic or operational nature. The standard MS Excel package is chosen because it is part of most operating systems in companies and it is not necessary to choose more sophisticated statistical tools for basic knowledge of the issue. The results of the article will be further investigated in the form of more sophisticated systems in the field of mathematical and statistical models.