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Data Analytics for Business Professionals Program (DABP) Advanced Analytics and Machine Learning Group Project

Fall 2018


Project Tree

Folder Name Description
literature This folder will store all relevant literature related to the project.
raw_data This folder will store the raw data files needed for our group project.
src This will store all source code used for the project.
write_data This folder will store all data files created from the raw_data files.

Project Proposal

Questions

  • What features influence the increase or decrease of corn acreage1 over time?

    • Our null hypothesis is that the ratio of the corn to soy prices is a key decision factor. Can we reject it?
  • If possible, how do weather patterns influence corn acreage over time?

Data Sets

  • United States Department of Agriculture Farm Service Agency annual crop acreage data for every state from 2011 to 20172.

  • National Centers for Environmental Information monthly average temperature from January 2011 to December 2017 for the contiguous United States3.

Required Tasks

  • Row-bind the individual .xlsx files from 2011 to 2017 into one master file.

  • Inspect features for collinearity.

  • Conduct exploratory data analysis to understand outliers and trends.

  • Incorporate weather data for each state as their own features.

Relevant Models and Evaluation Metrics

  • Create a linear regression model to predict corn acreage for the next year.

  • Create clusters based on different crops, states, or years to determine any relevant groups that may be of interest to us to understanding corn acreage growth.


1 Hubbs, Todd. 2018. “Weekly Outlook: Corn and Soybean Acreage in 2018”. Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign. Available at: http://farmdocdaily.illinois.edu/2018/03/corn-soybean-acreage-2018.html.

2 Farm Service Agency. 2018. “Crop Acreage Data”. United States Department of Agriculture. Available here: https://www.fsa.usda.gov/news-room/efoia/electronic-reading-room/frequently-requested-information/crop-acreage-data/index.

3 National Oceanic and Atmospheric Administration. 2018. “Climate at a Glance”. National Centers for Environmental Information. Available here: https://www.ncdc.noaa.gov/cag/national/time-series/110/tavg/1/1/2011-2017?base_prd=true&firstbaseyear=2011&lastbaseyear=2017.

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