Average House Hold Income for Current Year Solution

STEP 0: Pre-Calculation Summary
Formula Used
Average House-Hold Income for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Population of Zone for Current Year*Average Vehicle Ownership for Current Year)
Ic = (Pd*Id*Vd)/(fi*Pc*Vc)
This formula uses 7 Variables
Variables Used
Average House-Hold Income for Current Year - Average House-Hold Income for Current Year is forecasting the Average of household income for the current period.
Population of Zone for Design Year - Population of Zone for Design Year is the forecast made to fulfill the demand at the time for design period.
Average House-Hold Income for Design Year - Average House-Hold Income for Design Year is forecasting the Average of household income for the Design period.
Average Vehicle Ownership for Design Year - Average Vehicle Ownership for Design Year is forecasting the average vehicle ownership for the Design period.
Growth Factor - Growth factor depends on the explanatory variable such as population of the zone , average house hold income , average vehicle ownership.
Population of Zone for Current Year - Population of Zone for Current Year is forecasting made to fulfill the demand at the time for current period.
Average Vehicle Ownership for Current Year - Average Vehicle Ownership for Current Year is forecasting the average vehicle ownership for the current period.
STEP 1: Convert Input(s) to Base Unit
Population of Zone for Design Year: 378 --> No Conversion Required
Average House-Hold Income for Design Year: 342 --> No Conversion Required
Average Vehicle Ownership for Design Year: 575 --> No Conversion Required
Growth Factor: 0.758 --> No Conversion Required
Population of Zone for Current Year: 531 --> No Conversion Required
Average Vehicle Ownership for Current Year: 450 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
Ic = (Pd*Id*Vd)/(fi*Pc*Vc) --> (378*342*575)/(0.758*531*450)
Evaluating ... ...
Ic = 410.402039264791
STEP 3: Convert Result to Output's Unit
410.402039264791 --> No Conversion Required
FINAL ANSWER
410.402039264791 410.402 <-- Average House-Hold Income for Current Year
(Calculation completed in 00.004 seconds)

Credits

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Created by Avayjit Das
University of Engineering and Management,Kolkata (UEMK), Kolkata
Avayjit Das has created this Calculator and 25+ more calculators!
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Verified by Kartikay Pandit
National Institute Of Technology (NIT), Hamirpur
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15 Transportation System Calculators

Average Vehicle Ownership for Current Year
​ Go Average Vehicle Ownership for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Average House-Hold Income for Current Year*Population of Zone for Current Year)
Average House Hold Income for Current Year
​ Go Average House-Hold Income for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Population of Zone for Current Year*Average Vehicle Ownership for Current Year)
Average House Hold Income for Design Year
​ Go Average House-Hold Income for Design Year = (Growth Factor*Population of Zone for Current Year*Average House-Hold Income for Current Year*Average Vehicle Ownership for Current Year)/(Population of Zone for Design Year*Average Vehicle Ownership for Design Year)
Average Vehicle Ownership for Design Year
​ Go Average Vehicle Ownership for Design Year = (Growth Factor*Population of Zone for Current Year*Average House-Hold Income for Current Year*Average Vehicle Ownership for Current Year)/(Population of Zone for Design Year*Average House-Hold Income for Design Year)
Population of Zone for Current Year
​ Go Population of Zone for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Average House-Hold Income for Current Year*Average Vehicle Ownership for Current Year)
Population of Zone for Design Year
​ Go Population of Zone for Design Year = (Growth Factor*Population of Zone for Current Year*Average House-Hold Income for Current Year*Average Vehicle Ownership for Current Year)/(Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)
Simple Expansion Factor
​ Go Simple Expansion Factor = Total Number of Household/(Total Number of Addresses-Number of Samples)
Previous Total Number of Trips using Doubly Constrained growth Factor Model
​ Go Previous Total Number of Trips = Total Number of Trips/(Growth Factor A*Growth Factor B)
Doubly Constrained Growth Factor Model
​ Go Total Number of Trips = Previous Total Number of Trips*Growth Factor A*Growth Factor B
Number of Future Trips in Zone
​ Go Number of Future Trips in the Zone = Number of Current Trips in that Zone*Growth Factor
Number of Current Trips
​ Go Number of Current Trips in that Zone = Number of Future Trips in the Zone/Growth Factor
Growth Factor
​ Go Growth Factor = Number of Future Trips in the Zone/Number of Current Trips in that Zone
Uniform Growth Factor
​ Go Uniform Growth Factor = Expanded Total Number of Trips/Previous Total Number of Trips
Previous Total Number of Trips
​ Go Previous Total Number of Trips = Total Number of Trips/Uniform Growth Factor
Expanded Total Number of Trip
​ Go Total Number of Trips = Previous Total Number of Trips*Uniform Growth Factor

Average House Hold Income for Current Year Formula

Average House-Hold Income for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Population of Zone for Current Year*Average Vehicle Ownership for Current Year)
Ic = (Pd*Id*Vd)/(fi*Pc*Vc)

What Defines a Zone?

Zone is grouping of activities related to freight distribution such as distribution centers, transportation, and supporting services within a defined and often planned area.

How to Calculate Average House Hold Income for Current Year?

Average House Hold Income for Current Year calculator uses Average House-Hold Income for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Population of Zone for Current Year*Average Vehicle Ownership for Current Year) to calculate the Average House-Hold Income for Current Year, The Average House Hold Income for Current Year formula is defined as forecasting the Average of household income for the Current Year. Average House-Hold Income for Current Year is denoted by Ic symbol.

How to calculate Average House Hold Income for Current Year using this online calculator? To use this online calculator for Average House Hold Income for Current Year, enter Population of Zone for Design Year (Pd), Average House-Hold Income for Design Year (Id), Average Vehicle Ownership for Design Year (Vd), Growth Factor (fi), Population of Zone for Current Year (Pc) & Average Vehicle Ownership for Current Year (Vc) and hit the calculate button. Here is how the Average House Hold Income for Current Year calculation can be explained with given input values -> 301.8301 = (378*342*575)/(0.758*531*450).

FAQ

What is Average House Hold Income for Current Year?
The Average House Hold Income for Current Year formula is defined as forecasting the Average of household income for the Current Year and is represented as Ic = (Pd*Id*Vd)/(fi*Pc*Vc) or Average House-Hold Income for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Population of Zone for Current Year*Average Vehicle Ownership for Current Year). Population of Zone for Design Year is the forecast made to fulfill the demand at the time for design period, Average House-Hold Income for Design Year is forecasting the Average of household income for the Design period, Average Vehicle Ownership for Design Year is forecasting the average vehicle ownership for the Design period, Growth factor depends on the explanatory variable such as population of the zone , average house hold income , average vehicle ownership, Population of Zone for Current Year is forecasting made to fulfill the demand at the time for current period & Average Vehicle Ownership for Current Year is forecasting the average vehicle ownership for the current period.
How to calculate Average House Hold Income for Current Year?
The Average House Hold Income for Current Year formula is defined as forecasting the Average of household income for the Current Year is calculated using Average House-Hold Income for Current Year = (Population of Zone for Design Year*Average House-Hold Income for Design Year*Average Vehicle Ownership for Design Year)/(Growth Factor*Population of Zone for Current Year*Average Vehicle Ownership for Current Year). To calculate Average House Hold Income for Current Year, you need Population of Zone for Design Year (Pd), Average House-Hold Income for Design Year (Id), Average Vehicle Ownership for Design Year (Vd), Growth Factor (fi), Population of Zone for Current Year (Pc) & Average Vehicle Ownership for Current Year (Vc). With our tool, you need to enter the respective value for Population of Zone for Design Year, Average House-Hold Income for Design Year, Average Vehicle Ownership for Design Year, Growth Factor, Population of Zone for Current Year & Average Vehicle Ownership for Current Year and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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