Today my team and I conducted further exploration into the economic data set from Boston Analyse.
- The dataset provides an overview of the economic factors of Boston from January 2013 to December 2019.
- The Tourism factors include the flight activity at Logan International Airport along with the passenger traffic.
- The Hospitality factors include the hotel occupancy rates and average daily rates.
- The unemployment rates, total number of jobs would come under Labor factors.
- Pipeline development, construction costs, and square footage could be classified under Construction Factors.
- The Real Estate factors would include housing sales volume and median housing prices, median housing prices, foreclosure rates, and new housing construction permits.
- If we were to take the time as a factor, we would more than likely perform time series analysis to understand the trends in Boston’s economic growth/fall.
- We initialized our preprocessing of the data to convert the raw data to something more usable.
- We also removed some descriptive statistics relevant to the dataset.