Econometrical Evaluation of the Entrepreneurial Activity of Private Educational Institutions of Namangan Region
DOI:
https://doi.org/10.51699/cajitmf.v7i4.1327Keywords:
Private education, learning centers, entrepreneurial activity, econometric modelling, multiple regression, profit determinants, non-state educational institutions, VIF analysis, log-linear model, educational entrepreneurshipAbstract
This paper econometrically assesses the entrepreneurial efficiency of private educational institutions in Namangan region of Uzbekistan based on quarterly data from LSL (Learning Skills Lab) center in 2017–2024 (32 observations). Several log-linear regressions were estimated in Stata, employing a step by step procedure—correlation criteria, lag term tests, log transformation, VIF test and elimination of insignificant regressors. Dependent variable: profit; independent regressors: students flow, number of courses, branches, monthly fee per student, professors’ qualification, advertising cost, infra-structure cost, incurrent investments. The conclusions of the study deny the perfect managerial strategy and encourage a flexible institution-focused strategy—development of retailed admission levels and consumer oriented prices, optimal service levels, appraisal of branches.
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