In: Statistics and Probability
Quantitative Project research paper
The population of a City and Average Annual Income of City Residents.
To do a research paper based on a sample survey first we need to frame a questionnaire.
There are five popular methods to collect the primary data. Questionnaire should contain maximum of 25 question.question should not include personal information of individual. Question should be framed with multiple choice questions so that we can do the statistical analysis.
Related to the topic
some example questions are as follows
Area of living
a) rural b) urban
occupation
a) private job b) government job c) self employed d) others
annual income
a)<5,00,000 b)5,00,000-10,00,000 c) 10,00,000-20,00,000 d)> 20,00,000
we should know the population of the city and its locality
we may find the relationship between population of city and average annual income of city residents using correlation and regression.
we may also use the time based data that is population of city as well as annual income of city residents varies year to year using this data we can forecast the future values using various time series forecasting models such as moving average, arima models, exponential smoothing, trend analysis.
we can set a model from which we can predict the future values.