Application of econometric methods in the study of incomes of the population in the Republic of Kazakhstan

Abstract

Object: To determine the relationship between monetary incomes of the population and monetary expenditures of the population based on the study of statistical data on the Republic of Kazakhstan, thereby determining its impact on the standard of living of the population. Methods: The methods of correlation regression analysis and Excel in data analysis. Results: Analysis of the relationship between monetary income and expenditure of the population shows that income increases, the expenditure of the population increases, and their indicators are interrelated. Conclusions: The analysis results are a factor that makes it possible to solve many problems, increase the welfare of the population, treat their health properly, i.e. all this contributes to improving the quality of life of the population and its standard of living.