LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

Differentiating households to analyze consumption patterns: a data mining study on official household budget data

Photo by campaign_creators from unsplash

Official data, administered by National Statistic Institutes (NSIs), play crucial role for being a major element of the governmental economic and social decision‐making process. This strategic role raises a significant… Click to show full abstract

Official data, administered by National Statistic Institutes (NSIs), play crucial role for being a major element of the governmental economic and social decision‐making process. This strategic role raises a significant necessity for statistical authorities to adopt new data tools to shift the statistical quality of the published data to a higher level. Data mining (DM) techniques and algorithms are promising tools to provide new ways to mine the crucial, complex, and voluminous official data to complement or substitute the traditional and lagged‐behind tools that NSIs have been using. This study addresses this potential utilization of DM tools on official data with a specific problem in an important survey for official statistics: Household Budget Survey. Through this study, clustering techniques are employed to characterize the household types and association rule mining technique is used to mine consumption patterns for each differentiated type. It is aimed to integrate the proposed model into data preprocessing procedure of the NSI to be able to engage in the real time analyses and to contribute exactness and timeliness of the data. WIREs Data Mining Knowl Discov 2018, 8:e1227. doi: 10.1002/widm.1227

Keywords: data mining; mining; consumption patterns; study; household budget

Journal Title: Wiley Interdisciplinary Reviews: Data Mining and Knowledge Discovery
Year Published: 2018

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.