Book Image

Practical Data Science Cookbook

By : Tony Ojeda, Sean Patrick Murphy, Benjamin Bengfort, Abhijit Dasgupta
Book Image

Practical Data Science Cookbook

By: Tony Ojeda, Sean Patrick Murphy, Benjamin Bengfort, Abhijit Dasgupta

Overview of this book

<p>As increasing amounts of data is generated each year, the need to analyze and operationalize it is more important than ever. Companies that know what to do with their data will have a competitive advantage over companies that don't, and this will drive a higher demand for knowledgeable and competent data professionals.</p> <p>Starting with the basics, this book will cover how to set up your numerical programming environment, introduce you to the data science pipeline (an iterative process by which data science projects are completed), and guide you through several data projects in a step-by-step format. By sequentially working through the steps in each chapter, you will quickly familiarize yourself with the process and learn how to apply it to a variety of situations with examples in the two most popular programming languages for data analysis—R and Python.</p>
Table of Contents (18 chapters)
Practical Data Science Cookbook
Credits
About the Authors
About the Reviewers
www.PacktPub.com
Preface
Index

Furthering the analysis of the top income groups of the US


So far in this chapter, we have focused on the analysis of income percentages over time. Next, we will continue our analysis by taking a look at some of the other interesting figures that we have in our dataset, specifically the actual income figures and income categories that comprise these figures.

Getting ready

If you've completed the previous recipe, you should have everything you need to continue.

How to do it...

With the following steps, we dive deeper into the dataset and examine additional income figures:

  1. The dataset also contains the average incomes by year of the different groups. Let's graph these and see how they have changed over time, relative to each other:

    def average_incomes(source):
        """
        Compares percentage average incomes
        """
        columns = (
            "Top 10% average income",
            "Top 5% average income",
            "Top 1% average income",
            "Top 0.5% average income",
            "Top 0.1% average income...