Create a statistical model to determine whether a particular geographical region

Question

Create a statistical model to determine whether a particular geographical region can support a high-tech manufacturing firm. Use data from the US Census Bureau (so I do not know what type of data I need to pull,that is why it is not here Like do I use census,ages, etc..need help in identifying the type of data needed. If you could just make up numbers and tell me the type and go from there. You only have to do like three numbers, so I can get an understanding of what it is asking me to do.) Use 3 independent variables. Test the hypothses of whether the region can support a high-tech manufacturing firm. Use descriptive and inferential statistics.

Explanation / Answer

Simulation studies that are carefully designed under realistic survey conditions can be used to evaluate the quality of new statistical methodology for Census Bureau data. Furthermore, new computationally intensive statistical methodology is often beneficial because it can require less strict assumptions, offer more flexibility in sampling or modeling, accommodate complex features in the data, enable valid inference where other methods might fail, etc. Statistical modeling is at the core of the design of realistic simulation studies and the development of computationally intensive statistical methods. Modeling also enables one to efficiently use all available information when producing estimates. Such studies can benefit from software for data processing. Statistical disclosure avoidance methods are also developed and properties studied.

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