Problem Description The project aims to forecast India’s GDP through 3 methods – employment, GDP trend and the sum of 4 expenditure components (household, government expenditure, investment and net exports) and to use the same to assess if the Modi Government has been able to change India’s GDP growth trajectory over its 5 years in power (2015-2019). The client is the Department of Expenditure, Ministry of Finance. Using the project, they can do a high-level
Problem Statement To determine and forecast job growth and workforce in various industries in the United Kingdom. This will help the United Kingdom Government and the Education industry in the following ways:
The ministry of Finance possesses a lot of data with respect to multiple financial indicators of all the states. A forecast of these indicators for the next 5 years, will guide the ministry in planning the fiscal budget for various states.
The dataset in usage has the data of all 28 states, however, we have chosen to construct forecasting models for the state of Andhra Pradesh. However, it should be noted that, due to the separation of Telangana from Andhra Pradesh in 2014, the forecasts will be an aggregation of both the states.
1. Business Problem
In 2017, a new regulation about invoice donation was issued. All the invoices issued will be
transformed into e-invoice instead of paper invoice. However, this regulation will cause great
donation drops, and this is a problem for central and local government in Taiwan.
This project provide forecast of the next 2 month e-invoice donation amount to central
government. With this forecast, central government could know which city or county would
confront a donation amount drop in the future and ask local government to take actions.
Every year, Ministry of Health and Welfare in Taiwan (MHW) decides the capacity of medical students to ensure each division includes enough doctors in the future. However, a recent report indicates the huge shortage of doctors in five demanding divisions which leads to serious problems in hospital management. Deciding the capacity of medical students in specific divisions is challenging for MHW.
Unemployment benefits are a huge cost to governments and are highly dependent on
projected unemployment rate for the country. Unemployment benefits are social welfare
payments to unemployed individuals. The definition of unemployed individual varies from
among different governments. Each year Governments allocate a certain percentage of
their financial outlay to meet these requirements.
India as a nation has seen a high migration rate in recent years. Over 98 million people migrated from one place to another in 1990s, the highest for any decade since independence according to the 2001 census details. However in 1970s migration was slowing down. The number of migrants during 1991-2001 increased by about 22% over the previous decade an increase since 1951. Apart from women migrating due to marriage, employment is the biggest reason for migration. The number of job seekers among all migrants has increased by 45% over the previous decade.
The project is based on the data collected over a period of time from the customers who have used Governance services in India for the land registration process. The goal is to predict whether a person availing the e-Governance Service will pay a bribe of over INR 100.
The goal of this project is to provide buyers who attend Federal government car auctions, a simple indicator of whether or not to bid for specific vehicles, thus helping to improve their decision-making process and their chances of winning a fair bid.
We thank Karl Olson for sharing the data and the problem.