UBalt Statistical Data Analysis Mini Cases using Baltimore - - PDF document

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UBalt Statistical Data Analysis Mini Cases using Baltimore - - PDF document

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Mini Cases using Baltimore Neighborhood Alliance Indicators 18 Nov 2013 UBalt Statistical Data Analysis Mini Cases using Baltimore Neighborhood Alliance Indicators Stude nt Bo dy o Mix o f tra ditio na l a nd no n-tra ditio na l

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SLIDE 1

Mini‐Cases using Baltimore Neighborhood Alliance Indicators 18 Nov 2013 2013‐Bardossy‐DSI‐MSMESB‐Slides.pdf 1

Mini‐Cases using Baltimore Neighborhood Alliance Indicators

By Assista nt Pro fe sso r M Gise la Ba rdo ssy

UBalt – Statistical Data Analysis

  • Stude nt Bo dy
  • Mix o f tra ditio na l a nd no n-tra ditio na l stude nts
  • Mo stly tra nsfe rs fro m c o mmunity c o lle g e s
  • 50/ 50 Mille nnials and Adult L

e arne rs

UBalt – Statistical Data Analysis

  • Co urse Co nte nt
  • Se c o nd c o urse in sta tistic s
  • Re vie w o f De sc riptive Sta tistic s, I

nfe re ntia l Sta tistic s and Re g re ssio n

Mini‐Cases Objectives

  • Co mple me nt c lass c o nte nt
  • U

se Re al Data

  • E

nhanc e Co mmunity Aware ne ss

  • Pro vide Hands-o n E

xpe rie nc e

  • Prac tic e Busine ss Co mmunic atio n

Baltimore Neighborhood Indicators Alliance Descriptive Statistics

  • De sc riptive sta tistic s
  • Busine ss me mo
  • So me indic ato rs: po pulatio n, numbe r
  • f male s and fe male s, ave rag e

ho use ho ld size

  • Oppo rtunitie s
  • I

ssue s

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SLIDE 2

Mini‐Cases using Baltimore Neighborhood Alliance Indicators 18 Nov 2013 2013‐Bardossy‐DSI‐MSMESB‐Slides.pdf 2

Descriptive Statistics

Total Population Total Female Population Racial Diversity Index Average Household Size count 55 55 55 55 mean 11,194.98 5,973.71 36.42 2.43 minimum 4101 2368 7.33 1.55 maximum 23557 12769 77.77 3.31 range 19456 10401 70.44 1.76 standard deviation 4,277.69 2,307.32 21.99 0.33

1.5 2 2.5 3 3.5 4 Average Household Size 5000 10000 15000 20000 Total Female Population

Inferential Statistics

  • Hypo the sis T

e sting

  • I

ssue s

  • Sample ho me pric e s and e valuatio ns
  • Co mpare ne ig hbo rho o ds

Inferential Statistics

1) Ave ra g e living spa c e 2) Ave rag e sale s pric e 3) Ave rag e sale s pric e pe r squa re fo o t 4) Ave rag e sale s pric e and to tal a sse sse d va lue

Regression

  • E

xplain ho me pric e s indic ato r

  • Parsimo nio us re g re ssio n mo de l
  • L
  • c atio n (E

ast/ We st, Do wnto wn/ I nne r/ Oute r Ring )

  • Numbe r o f vac ant pro pe rtie s
  • Pe rc e ntag e Owne r-o c c upie d

Success Stories

  • Majo r in Re al E

state and E c o no mic De ve lo pme nt

  • “Vac ant Oppo rtunitie s”
  • Wo n 2nd Plac e U

SCL AP Co mpe titio n

Questions and Comments

E ma il Pro f, Ba rdo ssy at mbardo ssy@ ubalt.e du

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SLIDE 3

Mini‐Cases using Baltimore Neighborhood Alliance Indicators

By Assistant Pro fe sso r M Gise la Bardo ssy

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SLIDE 4

UBalt – Statistical Data Analysis

  • Stude nt Bo dy
  • Mix o f traditio nal and no n-traditio nal stude nts
  • Mo stly transfe rs fro m c o mmunity c o lle g e s
  • 50/ 50 Mille nnials and Adult L

e arne rs

slide-5
SLIDE 5

UBalt – Statistical Data Analysis

  • Co urse Co nte nt
  • Se c o nd c o urse in statistic s
  • Re vie w o f De sc riptive Statistic s, I

nfe re ntial Statistic s and Re g re ssio n

slide-6
SLIDE 6

Mini‐Cases Objectives

  • Co mple me nt c lass c o nte nt
  • Use Re al Data
  • E

nhanc e Co mmunity Aware ne ss

  • Pro vide Hands-o n E

xpe rie nc e

  • Prac tic e Busine ss Co mmunic atio n
slide-7
SLIDE 7

Baltimore Neighborhood Indicators Alliance

slide-8
SLIDE 8

Descriptive Statistics

  • De sc riptive statistic s
  • Busine ss me mo
  • So me indic ato rs: po pulatio n, numbe r
  • f male s and fe male s, ave rag e

ho use ho ld size

  • Oppo rtunitie s
  • I

ssue s

slide-9
SLIDE 9

Descriptive Statistics

Total Population Total Female Population Racial Diversity Index Average Household Size count 55 55 55 55 mean 11,194.98 5,973.71 36.42 2.43 minimum 4101 2368 7.33 1.55 maximum 23557 12769 77.77 3.31 range 19456 10401 70.44 1.76 standard deviation 4,277.69 2,307.32 21.99 0.33

1.5 2 2.5 3 3.5 4

Average Household Size

5000 10000 15000 20000

Total Female Population

slide-10
SLIDE 10

Inferential Statistics

  • Hypo the sis T

e sting

  • I

ssue s

  • Sample ho me pric e s and e valuatio ns
  • Co mpare ne ig hbo rho o ds
slide-11
SLIDE 11

Inferential Statistics

1) Ave rag e living spac e 2) Ave rag e sale s pric e 3) Ave rag e sale s pric e pe r square fo o t 4) Ave rag e sale s pric e and to tal asse sse d value

slide-12
SLIDE 12

Regression

  • E

xplain ho me pric e s indic ato r

  • Parsimo nio us re g re ssio n mo de l
  • L
  • c atio n (E

ast/ We st, Do wnto wn/ I nne r/ Oute r Ring )

  • Numbe r o f vac ant pro pe rtie s
  • Pe rc e ntag e Owne r-o c c upie d
slide-13
SLIDE 13

Success Stories

  • Majo r in Re al E

state and E c o no mic De ve lo pme nt

  • “Vac ant Oppo rtunitie s”
  • Wo n 2nd Plac e USCL

AP Co mpe titio n

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SLIDE 14

Questions and Comments

E mail Pro f, Bardo ssy at mbardo ssy@ ubalt.e du