Project Berkeley focuses on understanding the key economic factors influencing household final consumption expenditure in the Philippines. By analyzing various economic indicators, we aim to uncover how shifts in labor, inflation, government spending, and investments affect household spending patterns over time.
Our project explores how economic factors like inflation, employment, and income influence household consumption. By analyzing trends and data, we aim to provide insights that can help improve economic policies and financial decision-making.
Household consumption drives economic growth. Understanding its key influences helps improve financial policies and decision-making.
Factors like inflation, employment, and income affect spending, but their exact impact remains unclear, making economic planning challenging.
By analyzing economic data, we uncover trends in household spending, helping policymakers and businesses make informed decisions.
How did we collect our data?
The dataset includes statistical indicators across various sectors, covering different time periods, with a range of (2000-2023). The key categories of data include: (1) demographics and labor market (2) national accounts (3) production and prices (4) energy and environment (5) financial and banking indicators (6) external trade and balance of payments (7) social and development indicators. There are approximately 11,000 unique data entries in the overall dataset, without accounting for any missing or incomplete data.
The data will undergo standard data processing procedures such as handling missing values, removing duplicate entries, standardizing formats and units, and handling outliers and inconsistencies if applicable.
How did we model our data?
We used Jupyter Notebook to help visualize the relationships within the data. These visualizations helped in identifying patterns, emphasizing trends over time , and confirming the strength and direction of correlations between household final consumption expenditure and key economic indicators.
Hi! I'm a 3rd Year BS Computer Science student at UP Diliman. I enjoy drawing, gaming and binge-watching series. Lately, I've been curious about AI, web dev, and building small projects just for fun.
Hello! I'm Karl! A 2nd Year BS Computer Science student at UP Diliman. I like sleeping and taking naps. I also like taking prolonged breaks between different tasks.
Hi! I am Dayi, a third-year BS Computer Science major. I am currently very invested in Spanish Football. I like to play games and do nothing during my free time.
