Deriving a Score to Show Relative Socio-Economic Advantage and Disadvantage of a Geographic Area

Using Principal Component Analysis with Real-life data

Motivation

There exist publicly accessible data which describe the socio-economic characteristics of a geographic location. In Australia where I reside, the Government through the Australian Bureau of Statistics (ABS) collects and publishes individual and household data on a regular basis in respect of income, occupation, education, employment and housing at an area level. Some examples of the published data points include:

• Percentage of people on relatively high …

analysis australia data data science economic geospatial government life location principal-component science show statistics through vista