NOVATEUR PUBLICATIONS INTERNATIONAL JOURNAL OF INNOVATIONS IN ENGINEERING RESEARCH AND TECHNOLOGY [IJIERT] ISSN: 2394-3696 Website: ijiert.org VOLUME 7, ISSUE 8, Aug.-2020 33 | Page DETERMINATION OF THE LEVEL OF RISKS IN INVESTMENT PROJECTS USING ECONOMETRIC MODEL BUSTONOV MANSURJON MARDONAKULOVICH PhD of Department “Organizing the economy and manufacture in industry enterprises” Namangan Institute of Engineering and Technology Email: bustonov1975@mail.ru RAKHIMOV BAHROMJON IBROXIMOVICH PhD of Department “Organizing the economy and manufacture in industry enterprises” Namangan Institute of Engineering and Technology ABSTRACT Particular study of the effective use of investments, including foreign investments, on technical and technological modernization of enterprises and diversification of products in the conditions of modernization of the economy, ensuring the competitiveness of manufactured products and services in the world market is one of the most important tasks of today. Today, further reforming and liberalizing the Uzbek economy should accelerate the improvement of the investment climate in the industrial sector, especially with the development of the private sector. KEYWORDS: investment, investment project, degree of uncertainty, risk Analysis of Topical Literatures INTRODUCTION In the investment process, investors try to anticipate the returns on their investment and create the necessary methods. The emphasis is on the impact of internal and external risks. Because there is a big risk in the face of big profits. Therefore, a number of mathematical expressions are used in the assessment and prevention of potential risk factors. Dispersion and mean squared deviation values are an important factor in risk assessment. When calculating the risks of investing in the selected project, the dispersion and standard deviation formula for each production can be written as follows:      m i j i ij i P q q 1 2 2 , ) (  (1)      m i j i ij i P q q 1 2 ) (  , (2) in this 2 i  - risk levels or dispersion of the investment efficiency of each production, i  - i the level of risk or the standard deviation of the future efficiency of investments in the production, j P - in the future j - likelihood. i q and From the found values, only one type of production investment plan can be substantiated. The efficiency dispersion of the total investment fund can be found in the following relation:     m j p pj j p q q P 1 2 ) (  , (3) In addition, the investor will invest his or her own costs, either at higher risk, or at less risky production. In this regard, let us consider the terms of the relationship between dispersion, half-dispersion and expected income. If the dispersion is equal to half the dispersion and the condition <q is met, the income distribution is symmetric and the gain is () less than the expected return (). This is half the total risk. At the same time, the dispersion and the mean squared deviation allow estimation of the degree of risk. If the dispersion is greater