Home Machine Learning Storytelling with Visualization — Which Space Has the Highest Socio-Financial Rating, and Why | by Jin Cui | Dec, 2023

Storytelling with Visualization — Which Space Has the Highest Socio-Financial Rating, and Why | by Jin Cui | Dec, 2023

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Storytelling with Visualization — Which Space Has the Highest Socio-Financial Rating, and Why | by Jin Cui | Dec, 2023

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On occasion, for extra environment friendly allocation of sources, the Authorities might gather information from people or households about their demographic traits, similar to age, gender, and nation of delivery, in addition to their socio-economic traits, similar to revenue, occupation and spend. A few of these information are then aggregated by geographic areas and made accessible to the general public.

In Australia the place I dwell, the Authorities by way of the Australian Bureau of Statistics (ABS) calibrates an index referred to as the Index of Financial Sources (IER), which scores the relative socio-economic standing of a geographic area utilizing a spread of variables sourced from the 5-yearly Census information assortment.

IER could be aggregated by numerous digital boundaries which divide Australia into geographic areas of various sizes. As an illustration, the State boundary (dashed line in Picture 1) divides Australia into 8 States and Territories, whereas the Statistical Space 1 (SA1) boundary (in Picture 2) divides Australia into far more granular areas, at occasions a cluster of simply quite a lot of streets.

Upon checking the IER in several areas on an interactive map supplied by the ABS, as proven within the photographs under, I discovered that IER is kind of completely different by areas even at a avenue degree, and I ponder what could be the drivers for this.

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