Book Image

Practical Data Science Cookbook, Second Edition - Second Edition

By : Prabhanjan Narayanachar Tattar, Bhushan Purushottam Joshi, Sean Patrick Murphy, ABHIJIT DASGUPTA, Anthony Ojeda
Book Image

Practical Data Science Cookbook, Second Edition - Second Edition

By: Prabhanjan Narayanachar Tattar, Bhushan Purushottam Joshi, Sean Patrick Murphy, ABHIJIT DASGUPTA, Anthony Ojeda

Overview of this book

As increasing amounts of data are generated each year, the need to analyze and create value out of it is more important than ever. Companies that know what to do with their data and how to do it well will have a competitive advantage over companies that don’t. Because of this, there will be an increasing demand for people that possess both the analytical and technical abilities to extract valuable insights from data and create valuable solutions that put those insights to use. Starting with the basics, this book covers how to set up your numerical programming environment, introduces you to the data science pipeline, and guides 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 using the two most popular programming languages for data analysis—R and Python.
Table of Contents (17 chapters)
Title Page
Credits
About the Authors
About the Reviewer
www.PacktPub.com
Preface

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, Analyzing and visualizing the top income data of the US, you should have everything you need to continue.

How to do it...

With the following steps, we will 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:
In [32]: def average_incomes(source): 
    ...: """ 
    ...: Compares percentage average incomes 
    ...: """ 
    ...: columns = ( 
    ...: "Top 10% average income", 
    ...: "Top 5% average income",...