Presentation Title

Analyzing Uncertainty and Economic Setbacks of COVID-19 in South Carolina

Presentation Type

Presentation

Full Name of Faculty Mentor

Lindsey Bell, Mathematics and Statistics

Major

Applied Statistics

Presentation Abstract

Tourism is not the only staple driving economic growth here in our Palmetto State. The South Carolinian economy has transitioned from an agrarian-oriented economy to a modernized manufacturing center for prominent corporations such as Boeing, Michelin, AVX, and BMW. Furthermore, these firms rely on supply chains to expand operations to provide employment opportunities in rural and urban environments. Unfortunately, COVID-19 was an unforeseen obstacle that hindered commercial growth and caused state revenues to plummet. Businesses must recognize the origin of their financial difficulties to mitigate capital loss from the pandemic. By using statistical methods, we can understand which factors were most influential in undermining the economic stability of South Carolina.

Location

Room 1

Start Date

22-4-2021 3:40 PM

End Date

22-4-2021 4:00 PM

Disciplines

Applied Statistics

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Apr 22nd, 3:40 PM Apr 22nd, 4:00 PM

Analyzing Uncertainty and Economic Setbacks of COVID-19 in South Carolina

Room 1

Tourism is not the only staple driving economic growth here in our Palmetto State. The South Carolinian economy has transitioned from an agrarian-oriented economy to a modernized manufacturing center for prominent corporations such as Boeing, Michelin, AVX, and BMW. Furthermore, these firms rely on supply chains to expand operations to provide employment opportunities in rural and urban environments. Unfortunately, COVID-19 was an unforeseen obstacle that hindered commercial growth and caused state revenues to plummet. Businesses must recognize the origin of their financial difficulties to mitigate capital loss from the pandemic. By using statistical methods, we can understand which factors were most influential in undermining the economic stability of South Carolina.

https://digitalcommons.coastal.edu/ugrc/test1/test1track/23