Abstract
Background: Developing economic and social systems and assuring the efficiency of economic and social processes is the major task for the government of any country. Predictable machine learning (ML) models are used for analyzing data sets that allow more efficient enterprise management. Now a day, the research on Socio-Economic Status (SES) and Machine Learning (ML) is very crucial to find socio-economic inequalities, and take further actions that are preventions, protections, and suppressions. Objectives: The mainobjective of this research is to understand the Socio Economic System issues and predicting SES levels on particular area like Rajahmundry, AP, India using statistical analysis and machine learning methodologies. Methods: In this, we analyze the data that is collected from Rajahmundry (Rajamahandravaram),Andhra Pradesh, India with 48 feature attributes (dimensions), and one target four class attribute (poor, rich, middle, upper-middle ). The SES levels like poor, rich, middle, and upper-middle classes are predicted by 5 ML algorithms. Findings: In this paper, we conduct the statistical analysis of each attribute, and analyze and compare the performance accuracies using confusion matrix, performance parameter (classification accuracy, Precision,Recall, and F1) values and receive operating characteristic (ROC) under AUC values of five efficient ML algorithms like Naïve Bayes, Decision Trees (DTs), k-NN, SVM (kernel RBF) and Random Forest (RF). We observed that the RF algorithm showed better results when compared with other algorithms for the Rajahmundry AP SES dataset. The RF algorithm performs 97.82% of classification accuracy (CA) and time is taken for model construction 0.41 seconds. The next superior performed ML model is DTs with 96.67% of CA and 0.16 seconds for model construction. Novelty: Comprehensive analysis indicates that the novel AP SES Dataset with empirical statistical analysis gives the good results and predicts the SES levels with RF model is very effective. Keywords: Machine Learning; socio-economic status; Rajahmundry;household; poverty
Highlights
The Socio-Economic System (SES) at the regional or provincial level refers to the way economic and social factors influence each other in households and local community units
Machine learning with socio-economic research is an important topic in this decade to identify the economic and social levels of human as well as living status predictions
It describes experimental materials like metrics and measurement equations. It focuses on machine learning (ML) algorithms and their setups and working process, and describes measuring performance tools like confusion matrix, receive operating characteristic (ROC), and so on
Summary
The Socio-Economic System (SES) at the regional or provincial level refers to the way economic and social factors influence each other in households and local community units. These systems significantly affect the pollution, deforestation of the environment, contamination, catastrophic events, and production of energy and use [1]. Objectives: The main objective of this research is to understand the Socio Economic System issues and predicting SES levels on particular area like Rajahmundry, AP, India using statistical analysis and machine learning methodologies.
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