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Analysis of the U.S. Educational Finances
The most important reason that the UnitedStates has dominated the world is advanced technology. This is inseparable from the popularization of education. Education is one of the most powerful tools to reduce poverty and sets the foundation for sustained economic growth. Education is very important to our lives; therefore, it is necessary to know how school revenues, expenses, and school enrollment have changed over the years. Educational fnancesin the U.S. are really important as theyrepresenta vitalfactorin people’s choices of elementary and high schools for their kids. Usually, good districts are associated with high-incomefamilies, high educationalfamily background, and high house prices. Therefore, people prefer to choose high quality districts for their kids based on their maximum economic ability since qualityof educationmay determinestheir kids’ future. Since education revenues largely depend on the overall U.S. market economy, knowledge of how both revenues and the stock market change over time is crucial. My graduate thesis focuses on the issue of U.S educational fnances, on revenue and expenditure for U.S. grade schools,by year andby state;I examine the impactof school expense and revenue on school enrollment rates, and how revenue per student change. My project examines all 50 states from 1993 to 2015, analyzing data across this 23-year period. This thesis has three aims; carry out basic exploratory data analysis, examine simple relationships between variables, and then use advanced methods (e.g., longitudinal models) to predict and examine relationships among the enrollment, states, years, revenues, and expenses. My results indicates that state revenue and local revenue each account for 45% of total educational revenue with federal revenue accounting for about 10%. Although California gets the highest educational fnancial support in terms of absolute amount, the overwhelming numbersof students make foralow per capita revenue. NewYork and New Jersey are the top two revenue-per-capita states. As time goes by, the sub-class revenue per student increasesevery year, hittinga peakin 2011 and thenfalling. This mirrors the rise andfallin the stock marketover the some period.