Evaluating Household Consumption Patterns: Comparative Analysis Using Ordinary Least Squares and Random Forest Regression Models

Evaluating Household Consumption Patterns: Comparative Analysis Using Ordinary Least Squares and Random Forest Regression Models

This research aims to decompose the contribution of socioeconomic factors towards household consumption expenditure using a regression approach, with log per capita expenditure as the dependent variable. Our study stands out as the first to utilise SHAP analysis and Machine Learning models to analys...

Full description

Bibliographic Details
Main Authors: En Lee, Thian Song Ong, Yvonne Lee
Format: Article
Language:English
Published: Ital Publication 2024-06-01
Series:HighTech and Innovation Journal
Subjects:
household consumption
machine learning
linear regression
random forest
shapley value.
Online Access:https://hightechjournal.org/index.php/HIJ/article/view/561

Internet

https://hightechjournal.org/index.php/HIJ/article/view/561

Similar Items