PolicyEngine / PolicyEngine/policyengine-uk

Model capital gains distribution considering all income groups together

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calibration
Dominant language
Python
Stars
50
Forks
33
Avg merge
20h 58m
Merged PRs (30d)
14

Description

We can probably improve the fit (avoid overfitting) by applying a multivariate model, rather than each income group independently.

As one example, OG-USA applies a multivariate KDE for modeling bequests.

Contributor guide

Open the contributing guide

First steps

  1. Read the whole issue, then the project's contributing guide.
  2. Comment on the issue to say you are picking it up — it saves two people doing the same work.
  3. Fork the repository and make your change on a branch.
  4. Open a pull request that references the issue number.

Research direction

Start by locating the current capital-gains distribution model and how it treats income groups independently. Read the linked OG-USA multivariate KDE documentation for comparison, then determine how a joint model would be evaluated for fit and overfitting. Done means the distribution is modeled across income groups together with evidence that the fit improves without overfitting.

Written by the indexing model from the issue text.

Assessment

Tech stack
python
Domain
data
Issue type
Feature
Difficulty
5/5
Estimated time
Over a week
Activity status
Stale
Clarity
Needs clarification
Newbie friendliness
30/100

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