Analysis of Oil Production Trends and Prices
The article presents the results of modeling and comparative characteristics of trends of oil production in the Russian Federation and the Republic of Bashkortostan. Trends of oil production showed a steady upward trend in Russia for 2000-2015 years, and in the Bashkortostan Republic for 2009-2015 and can be used for prediction. The obtained regression model of oil production in Russia from price changes with the dummy variable, which showed a more significant impact of the crisis on oil production, which requires increased innovative activity in the industry.