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Predicting socio-economic levels of urban regions via offline and online indicators

Author

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  • Yi Ren
  • Tong Xia
  • Yong Li
  • Xiang Chen

Abstract

Predicting the socio-economic level of an urban region is of great significance for governments and city managers when allocating resources and making decisions. However, the current approaches for estimating regional socio-economic levels heavily rely on census data, which demands significant effort in terms of time and money. With the ubiquitous usage of smart phones and the prevalence of mobile applications, massive amounts of data are generated by mobile networks that record people’s behaviors. In this paper, we propose a low-cost approach of using humans’ online and offline indicators to predict the socio-economic levels of urban regions. The results show that the socio-economic prediction model that is trained using online and offline features extracted from these data achieves a high accuracy over 85%. Notably, online features are showed to be tightly linked with socio-economic development. In environments where censuses are rarely held, our method provides an option for timely and accurate prediction of the economic status of urban regions.

Suggested Citation

  • Yi Ren & Tong Xia & Yong Li & Xiang Chen, 2019. "Predicting socio-economic levels of urban regions via offline and online indicators," PLOS ONE, Public Library of Science, vol. 14(7), pages 1-15, July.
  • Handle: RePEc:plo:pone00:0219058
    DOI: 10.1371/journal.pone.0219058
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    References listed on IDEAS

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    3. Shaojun Luo & Flaviano Morone & Carlos Sarraute & Matías Travizano & Hernán A. Makse, 2017. "Inferring personal economic status from social network location," Nature Communications, Nature, vol. 8(1), pages 1-7, August.
    4. Hyunyoung Choi & Hal Varian, 2012. "Predicting the Present with Google Trends," The Economic Record, The Economic Society of Australia, vol. 88(s1), pages 2-9, June.
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    Cited by:

    1. Tranos, Emmanouil & Incera, Andre Carrascal & Willis, George, 2022. "Using the web to predict regional trade flows: data extraction, modelling, and validation," OSF Preprints 9bu5z, Center for Open Science.
    2. Fan Gao & Jinjun Tang & Zhitao Li, 2022. "Effects of spatial units and travel modes on urban commuting demand modeling," Transportation, Springer, vol. 49(6), pages 1549-1575, December.
    3. Owusu-Agyei, Samuel & Okafor, Godwin & Chijoke-Mgbame, Aruoriwo Marian & Ohalehi, Paschal & Hasan, Fakhrul, 2020. "Internet adoption and financial development in sub-Saharan Africa," Technological Forecasting and Social Change, Elsevier, vol. 161(C).

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