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Carpreference.pptxPreferences for car choice in the United States
Student Name
Background
It’s a cross-section study consisting of responses from 4654 individuals based out of the United States.
There are 70 variables in this data set such as choice, college, hsg2, acc, price, fuel, size, space, station, pollution, etc.
This study will be helpful for researchers and automobile companies to understand the most preferred choice for car by the people in US.
Its findings will help the companies to manufacture the number of cars based on the preference of the respondents.
The data set is available at this web link:
Data Analysis
Structure & Summary
Variable Names
Min, Max, Median, and Mean of Variables
Continued
Continued
Counts and Percentages of the categorical fields-Choice
Type 1, Type 3 & Type 5
Type 2
Type 4
Type 6
Fuel 1
Fuel 2
Fuel 3 & Fuel 4
Fuel 5 & Fuel 6
college
hsg2
coml5
Price for Type1
Speed for Type1
Size Vs Speed
Size Vs Cost
Choice vs Range
Pollution Vs Cost
Findings
The dataset consists of 70 variables and have 4654 number of records.
3575 respondents are college educated.
1033 respondents have size of household greater than 2.
1665 respondents commute lower than 5 miles a day
There are no missing values for the attributes.
As per the data set, the most preferred choice is Choice5, followed by Choice 3.
For Type1, 3 & 5, the most preferred choice is Regular Car. There is a huge difference between the preference of regular car over other cars.
For Type2, the most preferred choice is Truck, closely followed by stwagon.
For Type4, the most preferred choice is Van, followed by truck.
For Type6, the most preferred choice is stwagon, followed by truck.
The most preferred choice for fuel 1 & 2 is methanol.
Almost equal preference is given for fuel 3 & 4 to CNG and electric which shows people interest is increasing towards electric cars (AC Mersky, 2016), (JP Helveston, 2015), (RJ Javid, 2017), (ZA Needell, 2016).
The most preferred choice for fuel 5 & 6 is Gasoline (JM Sallee, 2016).
Pollution is also increasing with price which seems to be a contrast from earlier studies which states that high costing card releases less pollution (E González, 2015), (M He, 2017).
With increase in size, the speed tends to decrease which is comparable to findings of earlier studies (Gossling, 2017).
Conclusion
The most preferred choice is Choice5.
For Type1, 3 & 5, the most preferred choice is Regular Car
For Type2, the most preferred choice is Truck.
For Type4, the most preferred choice is Van.
For Type6, the most preferred choice is stwagon,
With increase in size, the speed tends to decrease.
Cost tends to increase with size.
References
AC Mersky, F. S. (2016). Effectiveness of incentives on electric vehicle adoption in Norway. Transportation Research Part D: Transport and Environment, 56-68.
E González, A. C. (2015). How car dealers adjust prices to reach the product efficiency frontier in the Spanish automobile market. Omega, 38-48.
Gossling, S. (2017). The psychology of the car: automobile admiration, attachment, and addiction. books.google.com.
JM Sallee, S. W. (2016). Do consumers recognize the value of fuel economy? Evidence from used car prices and gasoline price fluctuations. Journal of Public Economics.
JP Helveston, Y. L. (2015). Will subsidies drive electric vehicle adoption? Measuring consumer preferences in the US and China. Transportation Research Part A: Policy and Practice, 96-112.
M He, J. Z. (2017). A study of supporting legal policies for improving China's new energy automobile industry based on environmental benefits equilibrium-enlightenment from the environmental subsidies of Germany legal system. International Journal of Hydrogen Energy.
RJ Javid, A. N. (2017). A comprehensive model of regional electric vehicle adoption and penetration. Transport Policy.
ZA Needell, J. M. (2016). Potential for widespread electrification of personal vehicle travel in the United States. Nature Energy.
