Decided to work on Hotel Market effects on Tourism:
1: logan_passengers:
- The mean number of Logan airport passengers is approximately 3,015,647.
- The standard deviation is around 549,276, indicating some variability in the number of passengers.
- The minimum and maximum values are roughly 1,878,731 and 4,120,937, respectively.
2: logan_intl_flights:
- The mean number of international flights is approximately 3,940.51.
- The standard deviation is approximately 694.48.
- The minimum and maximum values are 2,587 and 5,260, respectively.
3: hotel_occup_rate:
- The mean hotel occupancy rate is approximately 81.77%.
- The standard deviation is about 10.86%.
- The minimum and maximum values are 57.2% and 93.1%, respectively.
4: hotel_avg_daily_rate:
- The mean hotel average daily rate is approximately $244.42.
- The standard deviation is around $49.76.
- The minimum and maximum values are $157.89 and $337.92, respectively.
Interpretations:
1: Logan Passengers and International Flights:
- The mean values provide a central tendency for the number of Logan airport passengers and international flights.
- The standard deviations indicate the variability around these means.
2: Hotel Occupancy Rate:
- The mean hotel occupancy rate of approximately 81.77% suggests a relatively high average occupancy.
- The variability (standard deviation) of around 10.86% indicates some fluctuations in hotel occupancy.
3: Hotel Average Daily Rate:
- The mean hotel average daily rate of approximately $244.42 provides an average pricing benchmark.
- The standard deviation of $49.76 suggests some variability in hotel pricing.