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Sal-hur/Predicting-Unemployment-Rate-in-Kenya

Domain:

socioeconomic

Record type:

project
Creator:
Sal
Host:
# Omdena - Predicting Unemployment Rate in Kenya. Unemployment is a pressing socio-economic challenge globally, including Kenya. Kenya, a developing East African nation, faces a persistent unemployment problem. This project aims to predict the unemployment rate in Kenya using machine learning techniques. Predicting unemployment rates can provide valuable insights for policymakers, businesses, and individuals in Kenya, helping them make informed decisions and plan for the future. ----- ## Project Tasks The project is organized into several tasks to systematically approach the goal of predicting the unemployment rate: ### Task 1: Data Collection In Task 1, we collect data from various sources mentioned above and store it in a centralized location. This ensures data is easily accessible for subsequent tasks. ### Task 2: Data Preprocessing and Cleaning Task 2 involves cleaning and preprocessing the raw data to ensure it is suitable for analysis and modeling. This includes handling missing values, standardizing data formats, and encoding categorical variables. ### Task 3: Exploratory Data Analysis (EDA) Task 3 focuses on exploratory data analysis, where we examine the dataset's characteristics, visualize data, and identify patterns and relationships. EDA helps us gain insights and guide subsequent modeling decisions. ### Task 4: Feature Engineering and Selection In Task 4, we engineer new features and select relevant ones to improve the model's predictive power. Feature engineering involves creating meaningful features from existing data, while feature selection aims to reduce dimensionality. ### Task 5: Model Development Task 5 involves building, training, and fine-tuning machine learning models using the preprocessed dataset. We experiment with various algorithms and techniques to find the best-performing model. ### Task 6: Model Evaluation In Task 6, we evaluate the model's performance using validation and test datasets. We calculate evaluation metri …

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