AN ECONOMETRIC ANALYSIS OF THE IMPACT OF FLUCTUATING ELECTRICITY PRICES ON CONSUMER SPENDING AND INFLATION (CASE OF AZERBAIJAN)

This article, based on data from 1995 to 2022, considers the impact of fluctuating electricity prices on consumer spending and inflation in Azerbaijan republic. In research have created multiply regression model and adequacy of the model was determined using the F-Fisher test, Student's t test, and the stability of the parameters of the regression model was checked using the CUSUM test. Stationarity of the time series was checked by the Dickey-Fuller test. As a result, econometrically sound recommendations are developed, which allows to conduct dynamic analyzes to effectively regulate economic process. The Granger causality of the relationship was investigated in research.