Regression analysis as an objective tool of economic management of rolling mill

Abstract

The ability to optimize costs plays a key role in maintaining competitiveness of the company, because without detailed knowledge of costs, companies are not able to make the right decisions that will ensure their long-term growth. The aim of this article is to outline the problematic areas related to company costs and to contribute to a debate on the method used to determine the amount of fixed and variable costs, their monitoring and follow-up control. This article presents a potential use of regression analysis as an objective tool of economic management in metallurgical companies, as these companies have several specific features