ECONOMETRIC ANALYSIS OF MUTUAL TRADE VOLUMES OF BRICS MEMBER STATES

The article provides an econometric analysis of the volumes of mutual trade of the BRICS member states: Brazil, Russia, China, India and the Republic of South Africa before the joining of the new countries. Also the presented diagrams depict the share of BRICS member countries in the mutual trade in 2017 and 2023. Based on annual data for 2004-2023 of mutual trade volumes of BRICS member countries, an adaptive first-order polynomial model for short-term forecasting has been constructed