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Module 4 Assignment

This memorandum presents an analysis of Filipino family income and expenditure using the Quest tool to understand socioeconomic dynamics. The study highlights the importance of various factors, such as household characteristics and education levels, in determining income status, which is categorized into rich, middle-income, lower-income, and poor. The findings aim to inform policy-making and targeted interventions to alleviate poverty and promote social equity.

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Daniel Obadaye
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3 views

Module 4 Assignment

This memorandum presents an analysis of Filipino family income and expenditure using the Quest tool to understand socioeconomic dynamics. The study highlights the importance of various factors, such as household characteristics and education levels, in determining income status, which is categorized into rich, middle-income, lower-income, and poor. The findings aim to inform policy-making and targeted interventions to alleviate poverty and promote social equity.

Uploaded by

Daniel Obadaye
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Module 4: Module 4 Assignment: Using Quest with US Census Data

Olatunde Daniel Obadaye

MBA, Nexford University

AIA 6660 Artificial Intelligence

Dr. Raphael Wanjiku

17th January 2025


MEMORANDUM

To: The Management,US Censor Data Centre


From: Olatunde Daniel Obadaye
Date: January 17th 2025

Subject: FILIPINO INCOME AND EXPENDITURE ANALYSIS

Executive Summary
This analysis of family income and expenditure among Filipinos exemplifies the effective

application of the Quest tool in generating a comprehensive understanding of socioeconomic

dynamics. The tool will be employed to examine various household characteristics, including sex, age,

marital status, and other relevant factors, thereby elucidating the diverse income statuses across

different families. By systematically analyzing these dimensions, this study aims to provide valuable

insights into the financial well-being of households among the Fillipino

How Quest may be used in the Filipino dataset on income-related variables


Quest, A robust decision tree algorithm, is Quest. It is as an invaluable asset for making analysis of

income-related variables within Filipino dataset. This algorithm adeptly discerns in the data to forecast income

status by examining diverse predictors, including demographic attributes of household heads, educational, and

household composition. Through a recursive partitioning of the data according to the most influential predictors,

Quest brings to construction decisve tree that elucidates the hierarchical relationships among and their

respective impacts on income status. Such analytical provide a comprehensive understanding of factors

affecting income levels, thereby giving power to people in charge of policy making to design targeted

interventions in a more effective way(Kaggle)

Analysis

Algorithm associated with Quest Modeling demonstrates its invaluable utility in elucidating the

complex interplay among income-related variables and the target variable of income status, which is
classified into rich, middle-income, lower-income, and poor categories. This analytical framework

facilitates a nuanced understanding of how various factors influence income stratification, thereby

revealing several key insights that enhance our comprehension of economic disparities. By

systematically examining these relationships, the algorithm not only informs policy-making but also

aids in targeted interventions aimed at alleviating poverty and promoting social equity (Kaggle, n.d.):

1. The primary source of income plays a pivotal role in shaping a family's socioeconomic

circumstances. Families that derive their income from stable, well-paying jobs are typically classified

within the middle or upper class, benefiting from greater financial security and access to opportunities.

Conversely, those who rely on insecure or low-paying employment often find themselves entrenched

in the lower-income category, facing heightened economic vulnerability and limited prospects for

upward mobility. This disparity underscores the critical importance of job stability and remuneration in

determining not only a family's immediate financial situation but also its long-term trajectory. (Kaggle,

n.d.).

2. Household head, a demograhic nature with including age, gender, and marital status, play a

significant role in influencing income levels. Research indicates that these factors collectively

determine the economic stability of a household. For instance, a sample household led by an individual

with a higher educational attainment often exhibits greater income potential. This correlation

underscores the importance of understanding demographic dynamics when assessing economic

outcomes and reinforces the need for targeted policies aimed at enhancing educational opportunities

for diverse population segments. (Kaggle, n.d.).

3.Achieving an educational level as the head of the household play a pivotal role in determining

income levels, as a direct correlation exists between higher education and increased earnings. Research

indicates that individuals with advanced educational qualifications are more likely to secure higher-

paying employment opportunities, thereby enhancing their financial stability. (Kaggle, n.d.).
4. The composition of a household, encompassing the number of family members and their respective

employment statuses, plays a pivotal role in ascertaining income levels. Households with a greater

number of employed members tend to exhibit higher income levels, as multiple earners contribute

financially to the family unit. Conversely, families where earners encounter employment challenges

may experience diminished financial stability and lower overall income. Thus, understanding these

dynamics is essential for evaluating the economic health of different households (Kaggle, n.d.)

Impacts of income-related variables on the target variable.


Factors as such as regarding income do have impact on income status. Looking at the demographic for

household heads as concerning age and education are determinants of income levels. Education is considered as

a priority seems to bring an outcome of increased income. This highlights the importance of education for

improved economic advantage.in addition, the duo of job and household circumstances do have an impact as

concerning income status showing, proving financial well-being and family dynamics are connected.

Recognizing the effects of income inequality is crucial for the formulation of effective policies aimed at

mitigating disparities and fostering sustainable economic growth.

REFERENCES
Flores, F. P. (2017). Filipino Family Income and Expenditure. Www.kaggle.com.
https://www.kaggle.com/datasets/grosvenpaul/family-income-and-expenditure

https://www.kaggle.com/datasets/grosvenpaul/family-income-and-expenditure

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