ISDS 361A: 2 1/2- 3 pages
qais
AnalyticsProjectProposal1.docx2
Title: Analytics Project Proposal
Student’s Name: Joudy Abdulal
Professor’s Name: Sinjini Mitra
Date: October 13, 2019
Project proposal
Introduction
The debt payments and income ratio are the measure of finances that are personal compared to monthly payments of debt and the monthly income. A person’s income is simply the pay you receive before any other deduction is made, such as taxes (Great Britain, Revenue & Customs 2012). A person pays the debt according to the amount of money he or she receives as his or her income. Less income leads to low rates of the debt payment. There is a relationship between debt payment and unemployment rates. The more the rates of unemployment, the more the debt payment gap increases. Rates of unemployment increase the prices of debt payments; if a person is unemployed, he or she will have difficulties in paying his or her debts.
Purpose of the study
Problem background
Recent studies have shown that consumers in America have an average monthly payment of debts of around $1, 000. The study conducted in areas around metropolitan areas has shown some variations in amounts of liability depending on the region's consumers' stay. Taking the case of Washington in D.C., we find out that the residents pay the more rent payments of $1,285 per month compared to residents of Pittsburgh who pay rent payments of $763 per month. This shows the gap between the debt payments and income rates and also the unemployment rates.
Description of Variables
Debts payments, defined as payments done to the debts a person has, are deducted from his or her income. Income rates, the amount of money a person receives as his or her earnings per month according to the work he has done. Unemployment rates are the levels of unemployed people in the country. It includes the number of people without job opportunities. Deductions are the ones deducted from a person’s income in line with a person’s debt (Smith, 2015). They are deducted monthly from your income. Gross income is the amount of money a person receives after deductions from his or her monthly income. This includes taxes or any other deductions that are deducted from his or her income.
A descriptive summary of the data
According to the above data, the rates of unemployment rates affect the debts payments of individuals. When these residents have a high-income rate, they can pay their debts meaning high-income rates leads to increased debt payments. High rates of unemployment lead to high debts incur and also increased levels of debts to sustain their day to day activities.
income washington seattle Baltimore Bostone Denver San Francisco San Diego Sacramento Los Angles Chicago Philadefia minneapolis New york Atlanta Dallas Phoenix Portland 103.5 81.7 82.2 89.5 75.900000000000006 93.4 75.5 73.099999999999994 68.2 75.099999999999994 78.3 84 78.3 71.8 68.3 66.599999999999994 71.2 unemployment washington seattle Baltimore Bostone Denver San Francisco San Diego Sacramento Los Angles Chicago Philadefia minneapolis New york Atlanta Dallas Phoenix Portland 6.3 8.5 8.1 7.6 8.1 9.3000000000000007 10.6 12.4 12.9 9.7000000000000011 9.2000000000000011 7 9.3000000000000007 10.3 8.4 9.1 10.200000000000001 debt washington seattle Baltimore Bostone Denver San Francisco San Diego Sacramento Los Angles Chicago Philadefia minneapolis New york Atlanta Dallas Phoenix Portland 1285 1135 1133 1133 1104 1098 1076 1045 1024 1017 1011 1011 989 970 957 948 920
