A company is moving out of state, but is looking for a headquarters that is loca
ID: 1156968 • Letter: A
Question
A company is moving out of state, but is looking for a headquarters that is located in a state where people leave and move into the state. This is a business analysis report and have selected the following counties: Orange County, CA and King County, Washington. Using that data would be helpful in the reply.
Which Inferential Methods/Techniques for Population estimates for the U.S., States, and counties will work in this scenario?
Using the data create 5 descriptive statistical techniques.
These may be graphs, charts, or numeric summaries but must be appropriate for the type of data and must assist in addressing the business question or problem.
Copy/paste the graphs, charts, or summaries from Excel into your document.
Remember that there are different options based on the data type (qualitative versus quantitative data) and that other considerations must be taken when choosing the appropriate descriptive techniques for a particular type of data.
Here is the link with the Data: Look at the Population estimates for the U.S., States, and counties section
https://www.ers.usda.gov/data-products/county-level-data-sets/county-level-data-sets-download-data/
https://www.ers.usda.gov/data-products/county-level-data-sets/download-data/
Explanation / Answer
Standard regression models have long been accepted as the best for studying migration decision making but research has proved that they may not accurately depict small and large scale heterogeneity. This problem is solved by the hierarchical regression model, through organisation of data in a hierarchical manner and achieves accuracy through analysis of variations at different levels. Through utilisation of this method an accurate analysis can be made for the county which is having maximum inward entry of immigrants
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