Best Places To Live in the United States Brett Spencer, Reed Hogan and Jeffrey Park.
Transcript of Best Places To Live in the United States Brett Spencer, Reed Hogan and Jeffrey Park.
Best Places To Live in the Best Places To Live in the United StatesUnited States
Brett Spencer, Reed Hogan and Jeffrey Brett Spencer, Reed Hogan and Jeffrey ParkPark
Why are some cities the best Why are some cities the best places to live?places to live?
►Different Criteria for Different Different Criteria for Different DemographicsDemographics Recent College GraduatesRecent College Graduates FamiliesFamilies
►Factors We ConsideredFactors We Considered Median AgeMedian Age Unemployment RateUnemployment Rate PopulationPopulation Number of BarsNumber of Bars Average TemperatureAverage Temperature Crime RateCrime Rate Percent of Population who are MarriedPercent of Population who are Married Number of Higher Education InstitutionsNumber of Higher Education Institutions
MotivationsMotivations
►College students face the decision of College students face the decision of where to live. where to live.
►A successfully descriptive model, which A successfully descriptive model, which estimates quality of life in various cities estimates quality of life in various cities for recent graduates, might help for recent graduates, might help students to approach that decision.students to approach that decision.
►As individuals age and begin to build a As individuals age and begin to build a family, their preferences change – family, their preferences change – affecting which cities are desirable to affecting which cities are desirable to live in.live in.
Expected Relations between Rankings and Expected Relations between Rankings and Independent VariablesIndependent Variables
Variable Recent College Graduates
Families
Median Age Positive Negative
Unemployment Rate Positive Positive
Population Negative Positive
Number of Bars with a 15 mile radius
Negative Positive
Average Annual Temperature
Negative Negative
Crime Rate Positive Positive
Percent of Population who are Married
Positive Negative
Number of Higher Education Institutions in the Area
Negative Negative
Monthly Rent Positive Negative
Multiple RegressionMultiple Regression
Coeff. t StatP-
value
Intercept 58.31 2.13 0.04
Median age -0.68 -0.88 0.38
Unemployment rate 0.79 0.88 0.39
Number of bars -0.02 -2.21 0.03
Average temperature -0.62 -2.51 0.02
Coeff. t Stat P-value
47.74 1.62 0.11
-1.30 -1.99 0.06
0.67 0.81 0.42
0.03 2.35 0.03
0.02 0.08 0.93
Recent College Graduates Families
Multiple Regression ContinuedMultiple Regression Continued
Coeff. t StatP-
value
Crime rate 0.86 1.88 0.07
Percent married 0.39 0.94 0.35
Colleges in the area -0.22 -0.96 0.35
Population Size
5.58E-06 1.26 0.22
Coeff. t Stat P-value
0.83 1.27 0.21
0.01 0.03 0.97
0.09 0.65 0.52
-9.96E-06 -3.05 0.00
Recent College Graduates Families
Validity Tests of Recent College Validity Tests of Recent College Grads RegressionGrads Regression
Validity Tests of Families Validity Tests of Families RegressionRegression
Is the Recent College Grad. Is the Recent College Grad. Regression Valid?Regression Valid?
ANOVA
df SS MS F Significance F
Regression 8 2457.431268 307.1789085 3.314993323 0.007483385
Residual 31 2872.568732 92.66350747
Total 39 5330
F.05,8,31=2.27
R.R: F>2.27
F-stat = 3.315 We can reject the null hypothesis.
H0 : B1 = B2 = B3 = … = B8
= 0
H1 : At least 1 Bi ≠ 0
Is the Family Preference Is the Family Preference Model Valid?Model Valid?
ANOVA
df SS MS F Significance F
Regression 8 2037.104917 254.6381147 2.397216236 0.038535882
Residual 31 3292.895083 106.222422
Total 39 5330
F.05,8,31=2.27
R.R: F>2.27
F-stat = 2.397
We can reject the null hypothesis.
H0 : B1 = B2 = B3 = … = B8
= 0
H1 : At least 1 Bi ≠ 0
ConclusionsConclusions► For recent college graduates, average annual For recent college graduates, average annual
temperature and availability of bars are significant temperature and availability of bars are significant predictors of quality of life in the top 40 cities.predictors of quality of life in the top 40 cities.
► As individuals begin to build a family, average annual As individuals begin to build a family, average annual temperature is no longer a significant variable. temperature is no longer a significant variable. Interestingly enough, however, the availability of bars, Interestingly enough, however, the availability of bars, remains significant, while the city’s population also remains significant, while the city’s population also becomes significantbecomes significant
Suggestion on Best Cities
1. New York, NY2. Chicago, IL3. San Francisco, CA4. Philadelphia, PA5. Miami, FL
1. Billings, MT2. Honolulu, HI3. Manchester, NH4. Virginia Beach, VA5. Springfield, IL
Recent College Grads Families