A new perspective on income earnings using AI

Income stands to be an important contribution to a country’s economy, happiness index, and development growth. Understanding income dynamics enables policymakers to address the needs of different socioeconomic groups more effectively, improving financial freedom and overall quality of life. This pro...

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Main Author: Ang, Seng Chun
Format: Final Year Project / Dissertation / Thesis
Published: 2024
Subjects:
Online Access:http://eprints.utar.edu.my/6888/
http://eprints.utar.edu.my/6888/1/fyp_IA_2024_ASC.pdf
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author Ang, Seng Chun
author_facet Ang, Seng Chun
author_sort Ang, Seng Chun
building UTAR Institutional Repository
collection Online Access
description Income stands to be an important contribution to a country’s economy, happiness index, and development growth. Understanding income dynamics enables policymakers to address the needs of different socioeconomic groups more effectively, improving financial freedom and overall quality of life. This project, titled "A New Perspective on Income Earnings Using AI," addresses the problem of inadequacies in predictive tools for Malaysian income dynamics. Existing predictive tools often fail to incorporate advanced AI techniques, which limits their effectiveness in providing accurate income predictions and insights. The primary objective of this project is to enhance income level prediction by leveraging machine learning and data mining techniques. Using the Cross-Industry Standard Process for Data Mining (CRISP-DM) methodology, we analyzed a dataset comprising 423 valid responses from residents of Ipoh, Malaysia, an area previously lacking such comprehensive income data. The results reveal significant economic insights and trends that were previously obscured, offering a nuanced understanding of income distribution. This project contributes to the advancement of AI-driven income analysis by creating an interactive dashboard that visualizes complex income data, thereby bridging the gap between high and low-income groups. The implications of this project are substantial for both policymakers and society. By providing a robust analytical tool, the dashboard supports more informed decision-making and enhances the ability to address income inequalities and economic disparities effectively.
first_indexed 2025-11-15T19:44:07Z
format Final Year Project / Dissertation / Thesis
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institution Universiti Tunku Abdul Rahman
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last_indexed 2025-11-15T19:44:07Z
publishDate 2024
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spelling utar-68882025-02-14T07:23:30Z A new perspective on income earnings using AI Ang, Seng Chun L Education (General) T Technology (General) TD Environmental technology. Sanitary engineering Income stands to be an important contribution to a country’s economy, happiness index, and development growth. Understanding income dynamics enables policymakers to address the needs of different socioeconomic groups more effectively, improving financial freedom and overall quality of life. This project, titled "A New Perspective on Income Earnings Using AI," addresses the problem of inadequacies in predictive tools for Malaysian income dynamics. Existing predictive tools often fail to incorporate advanced AI techniques, which limits their effectiveness in providing accurate income predictions and insights. The primary objective of this project is to enhance income level prediction by leveraging machine learning and data mining techniques. Using the Cross-Industry Standard Process for Data Mining (CRISP-DM) methodology, we analyzed a dataset comprising 423 valid responses from residents of Ipoh, Malaysia, an area previously lacking such comprehensive income data. The results reveal significant economic insights and trends that were previously obscured, offering a nuanced understanding of income distribution. This project contributes to the advancement of AI-driven income analysis by creating an interactive dashboard that visualizes complex income data, thereby bridging the gap between high and low-income groups. The implications of this project are substantial for both policymakers and society. By providing a robust analytical tool, the dashboard supports more informed decision-making and enhances the ability to address income inequalities and economic disparities effectively. 2024-05 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/6888/1/fyp_IA_2024_ASC.pdf Ang, Seng Chun (2024) A new perspective on income earnings using AI. Final Year Project, UTAR. http://eprints.utar.edu.my/6888/
spellingShingle L Education (General)
T Technology (General)
TD Environmental technology. Sanitary engineering
Ang, Seng Chun
A new perspective on income earnings using AI
title A new perspective on income earnings using AI
title_full A new perspective on income earnings using AI
title_fullStr A new perspective on income earnings using AI
title_full_unstemmed A new perspective on income earnings using AI
title_short A new perspective on income earnings using AI
title_sort new perspective on income earnings using ai
topic L Education (General)
T Technology (General)
TD Environmental technology. Sanitary engineering
url http://eprints.utar.edu.my/6888/
http://eprints.utar.edu.my/6888/1/fyp_IA_2024_ASC.pdf