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Sunday, September 4, 2022

Every day data science

Real estate data science example

 home price / median income ratio. "Historically, an average house in the U.S. cost around 5 times the yearly household income. During the housing bubble of 2006 the ratio exceeded 7 - in other words, an average single family house in the United States cost more than 7 times the U.S. median annual household income." If this ratio is too high it could be a signal of housing bubble. 

https://www.longtermtrends.net/home-price-median-annual-income-ratio/

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Data analysis

Data visualization of common math formula.