Hello,
To enhance the analysis, I converted the “Year” and “Month” columns into a single datetime column named “Date.” This conversion simplifies the time-based analysis and visualization of data trends.
I then plotted the trend of the unemployment rate in Boston from January 2013 to December 2019. The line graph provides a visual representation of how the unemployment rate changed over this period. It is evident that the unemployment rate experienced fluctuations during these years.
Additionally, I calculated the correlation between the unemployment rate and median housing prices. Correlation analysis helps us understand the relationship between these two variables. In this case, the correlation value quantifies the degree to which changes in the unemployment rate are associated with changes in median housing prices. This statistical measure provides valuable insights into the potential connections between economic indicators.