ABSTRACT
Gearing the national economy towards innovation-based growth is currently the most pressing issue in Russia. The level of innovation-based growth of a region depends on a great number of factors. A crucial factor in innovation-based growth is the amount of spending on research and introduction of new technologies. The purpose of the research is to develop a model of innovation activity and consider the situation in Russian regions. The regression model is defined by using the least squares method, which ensures the best approximation of evaluation of the result determined by the regression equation to its factors. The findings of the study can be used for further more detailed research into the causes of the existing situation, taking into consideration the specific characteristics of each region not only in the Central Federal District, but also in Russia as a whole.
