Predicting Home Price Trends Based on Economic Factors (With Python)
A Random Variable
by Arti Agarwal
3y ago
Home price prediction can be extremely simple, from rough ballpark figures of your neighbourhood homes, to extremely complex and predicting the national trend for homes in a country. It is a classic Machine Learning problem, one used by Real Estate professionals the world over. Most of the factors that affect home prices in USA have already been covered in a previous article. This is a summary and description of the factors that can be used to build the prediction model, and their relevance, separated by supply and demand side factors. Some of the measures contribute to the prices via both ro ..read more
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Residential Home Prices in USA: What Will Decide the Next Decade
A Random Variable
by Arti Agarwal
3y ago
Buying and selling residential property in the US is an important factor for the USA economy overall, as historically seen in the recession of 2008, brought about by a bust in the housing market. Thus, which way the housing market goes carries immense weight right now. Conversely, the housing market is also affected by numerous macro- and micro-economic factors. Different combinations of effects of these factors will decide which way the price of residential homes will turn in the next few months, years and decade. The residential homes market in the USA can be seen through many different len ..read more
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Law of Large Numbers and the Central Limit Theorem (With Python)
A Random Variable
by Arti Agarwal
3y ago
Statistics does not usually go with the word "famous," but a few theorems and concepts of statistics find such universal application, that they deserve that tag. The Central Limit Theorem and the Law of Large Numbers are two such concepts. Combined with hypothesis testing, they belong in the toolkit of every quantitative researcher. These are some of the most discussed theorems in quantitative analysis, and yet, scores of people still do not understand them well, or worse, misunderstand them. Moreover, these calculations are usually not done manually—the datasets are too large, computations a ..read more
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Farmer Bills: India's Step Towards Free Market Economics in Agriculture
A Random Variable
by Arti Agarwal
3y ago
Agriculture is the oldest source of employment and wealth generation for India. It affects the life of every single citizen of the country—it provides us with food and the raw materials for scores of items consumed every day. Several other sectors are directly or indirectly dependent on the agriculture sector. The Green Revolution and tech innovations attempted to revolutionize the sector, but many shackles remained, borne out by the fact that the rural population is still the poorest for most part of the country. So any new reforms in the sector will, in principle, be truly effective only if ..read more
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Google Silently Chucked the Dot (.) in Gmail Addresses; Chaos Followed
A Random Variable
by Arti Agarwal
3y ago
Gmail was the most popular fad in the early 2000's when it was rolled out as an invite only free email service by Google. Everyone I knew wanted one. What I did not know was that Gmail would, at any random time, change the rules of the email addresses, without any announcement, without as much as a whimper, and allow the chaos that ensued without taking responsibility for it. It is easy to label mis-delivery of emails as "spam" and get on with your day. No? No. Google ALLOWED Unique People to Create Gmail Accounts With & Without the Dot There are email accounts in existence today, which a ..read more
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The Switch to Ghost
A Random Variable
by Arti Agarwal
3y ago
As someone who writes a lot, and has written on almost all blogging platforms in the last 10 years, switching to Ghost to start this publication was a weighed decision. I wanted  to take a moment to outline the reasons for this switch, and why I think it makes sense for most serious writers across genres. Although this is not an outright "tech" topic, I think this is an important technology problem, that deserves more attention than it currently gets. There is a need for changing the way blogging platforms work, and Ghost is leading the way towards that change. The Clamour of Social Medi ..read more
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Opening Up the Economy: Containing the Spread of the Corona Virus in Public Spaces
A Random Variable
by Arti Agarwal
3y ago
The nature of the Corona Virus has most of the scientific community bewildered. It gives flashbacks to The Contagion. But technology and scientific progress have come a long way since the movie was released. As of today, in a span of just 6 months, a lot of research has been done, and new methodologies for testing, measuring and disinfecting have been developed, all of which, when deployed sensibly, can help save multiple lives. Public spaces end up being the hotspot of infections, just because of the high volume of people there (when there are no lock-downs), and the big number of floating p ..read more
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Is Technology Only as Ethical As the People Wielding It?
A Random Variable
by Arti Agarwal
3y ago
Technology is created by humans. Humans do not come in packages of "ethical" and "unethical." Which is the primary reason why identifying ethical and unethical usage of technology is a rum business. Since time immemorial, human progress has led to unprecedented discoveries, inventions and innovations. Yet, with the passage of time, the challenges, limitations and ethics of the progress have been less than perfect. Moreover, the situations or work conditions leading to that progress have been even more questionable. One way of looking at the steep progress of technology in current times is to ..read more
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Making Sense of COVID19 Data
A Random Variable
by Arti Agarwal
3y ago
It is mid July. Most people have been sort of following the news on COVID19 for four months, trying to make sense of it all. After all, it is not every day that the world gets hit by a pandemic and all future plans lie in a state of suspension until who knows when, and you got to figure out what to do next based on what is happening. But how do you decide what is happening? Enter data on COVID19. Lots of it. All Data is Not Made Equal Data can be overwhelming---and confusing. For starters, it is outright wrong to compare the datasets of one state/ country with another, without reading the fin ..read more
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Causes of Involuntary Unemployment
A Random Variable
by Arti Agarwal
3y ago
Unemployment is making the headlines every day, in some part of the world. Yet, not many people fully understand the mechanics of unemployment, its many types or many causes. For good reason though, because the economics of unemployment can be rather complex, if not abstruse. Firstly, it is important to distinguish between involuntary unemployment and voluntary unemployment. Involuntary unemployment is when a person is willing to work, but cannot be employed in the given economic conditions, and their current capacity for work. Voluntary unemployment is when a person is not willing to work in ..read more
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