Saturday, December 27, 2014

Modeling Age Structures for Market Research

Newly established cities in Cairo, such as New Cairo, tend to attract the newly married and young families. This contrasts with older areas in Cairo that tend to have a much higher percentage of older generations living in them. As a result, schools for children tend to flourish in areas such as New Cairo due to the presence of a high percentage of young families that tend to have children who would naturally need to go to school.

Using principles and methods from ecology the model age structures can help a business study the various age structures in different geographical areas of a city or country. Such studies can also help project future estimates of age structures. Such information can be highly valuable when doing market research.