A methodology for conducting hierarchical analysis of the development of local mono-product markets

Abstract

In this article, the authors propose and put into practice a methodology for conducting hierarchical analysis of the development of the crop-farming market, the scientific-methodological basis for which is the development of a factor model for assessing the interrelationship between the outcomes of engaging production potential and market infrastructure in the crop-farming sector and the modeling and adaptive forecasting of the parameters of local crop-farming markets, as well as developing forecast scenarios for the development of their potential. The methodology was tested through the example of local crop-farming markets in constituent regions of the North Caucasian Federal District (NCFD) of the Russian Federation (RF). The methodology brings to light the potential for the future growth of markets under study and enables us to compare the special aspects of reproducing crop-farming products in different regional localities, the dynamics of the development of corresponding local markets, and fluctuations in the main parameters of the markets