Data analytics to predict the income and economic hierarchy on Census data

摘要

The US Census Bureau conducts the American Community Survey generating a massive dataset with millions of data points. The rich dataset contains detailed information of approximately 3.5 million households in regard to who they are and how they live including ancestry, education, work, transportation, internet use and so on. This enormous data encourages the need to know more about the population and to derive insights. The ever demanding requirement in exposing the subtlety in case of economic issues is the motivation behind to construe meaningful conclusions in income domain. Hence the focus is to concentrate on bringing out unique insights into the financial status of the people living in the country. These conclusions delineated might aid in delivering wiser decisions in regard to economic growth of the country. Using relevant attributes, demographic graphs are plotted aiding the conclusions drawn. Also classifications into various economic classes are done using well known classifiers.