Practice in the application of parametric methods in pricing

Introduction. Recently, parametric methods have been increasingly used in pricing, in parti­cular for industrial and technical products. The application of these methods is based not only on the compiled calculation; it is possible to com­pare and verify the planned costs with changes in technical parameters and consumer properties of products. The aim of the article is to determine with the help of parametric methods the prices for the same type, functionally homogeneous products of industrial and technical purpose in the condi­tions of multi-item production. Methods. General scientific research methods are used, as well as statistical methods of corre­lation and regression analysis. Results. To establish new prices, regression equations were developed, the parameters of which were the method of least squares. With the help of re­gression equations developed new prices for homo­geneous products for industrial and tech­nical purposes, both within the parametric range and outside it. This will allow you to quickly make management decisions in the field of pri­cing, increase the effectiveness of pricing policy of the enterprise. Conclusions. The use of parametric methods, in particular regression analysis, allows you to quickly and accurately set prices for the same type, functionally homogeneous products. You can set prices for products that are within the parametric range, and for new products that are a continuation of the parametric series. In addi­tion, this method is effective when viewing all the same type, functionally homogeneous products.