In 2020, the global business jet market was worth over 24 billion U.S. dollars. By 2028, this market is projected to reach just under 37 billion U.S. dollars. The private jet boom The coronavirus pandemic has shifted wealthy people to give up scheduled flights and instead use private jets. Flight hours of private jets have more than doubled worldwide in the third quarter of 2021 compared to the same quarter a year ago and reached the highest levels over the past seven years. The evolution is not only felt in North America but also in Europe, where flight hours have increased by more than 44 percent year-on-year. The demand for private jets is not only supported by aircraft rentals but also in the number of business jet deliveries. People no longer want to be constrained by travel restrictions imposed to prevent the spread of coronavirus. They are looking for ways to become more productive and the plane is seen as a productivity tool given that trips that would last a whole day are reduced to a few hours. Environmental aspects of private flying The growing use of private jets has been criticized by environmental activists. Recent studies show that those who travel with these aircraft represent only one percent of the total passengers of the airlines but are responsible for half of the industry's emissions. The same report found that private jets in the United Kingdom and France emit over a third of CO2 emissions in Europe.

About this dataset

Context

The dataset presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Jet. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time and part-time work. The dataset can be utilized to gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals.

Key observations: Insights from 2023

Based on our analysis ACS 2019-2023 5-Year Estimates, we present the following observations: - All workers, aged 15 years and older: In Jet, the median income for all workers aged 15 years and older, regardless of work hours, was $73,125 for males and $52,894 for females.

These income figures indicate a substantial gender-based pay disparity, showcasing a gap of approximately 28% between the median incomes of males and females in Jet. With women, regardless of work hours, earning 72 cents to each dollar earned by men, this income disparity reveals a concerning trend toward wage inequality that demands attention in thetown of Jet.

As there was no available median income data for females, conducting a comprehensive assessment of gender-based pay disparity in Jet was not feasible.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Gender classifications include:

• Male
• Female

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Variables / Data Columns

• Year: This column presents the data year. Expected values are 2010 to 2023
• Male Total Income: Annual median income, for males regardless of work hours
• Male FT Income: Annual median income, for males working full time, year-round
• Male PT Income: Annual median income, for males working part time
• Female Total Income: Annual median income, for females regardless of work hours
• Female FT Income: Annual median income, for females working full time, year-round
• Female PT Income: Annual median income, for females working part time

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Jet median household income by race. You can refer the same here

About this dataset

Context

The dataset presents the detailed breakdown of the count of individuals within distinct income brackets, categorizing them by gender (men and women) and employment type - full-time (FT) and part-time (PT), offering valuable insights into the diverse income landscapes within Jet. The dataset can be utilized to gain insights into gender-based income distribution within the Jet population, aiding in data analysis and decision-making..

Key observations

• Employment patterns: Within Jet, among individuals aged 15 years and older with income, there were 48 men and 115 women in the workforce. Among them, 32 men were engaged in full-time, year-round employment, while 21 women were in full-time, year-round roles.
• Annual income under $24,999: Of the male population working full-time, none fell within the income range of under $24,999, while 4.76% of the female population working full-time was represented in the same income bracket.
• Annual income above $100,000: 37.50% of men in full-time roles earned incomes exceeding $100,000, while none of women in full-time positions earned within this income bracket.
• Refer to the research insights for more key observations on more income brackets ( Annual income under $24,999, Annual income between $25,000 and $49,999, Annual income between $50,000 and $74,999, Annual income between $75,000 and $99,999 and Annual income above $100,000) and employment types (full-time year-round and part-time)

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• $1 to $2,499 or loss
• $2,500 to $4,999
• $5,000 to $7,499
• $7,500 to $9,999
• $10,000 to $12,499
• $12,500 to $14,999
• $15,000 to $17,499
• $17,500 to $19,999
• $20,000 to $22,499
• $22,500 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $54,999
• $55,000 to $64,999
• $65,000 to $74,999
• $75,000 to $99,999
• $100,000 or more

Variables / Data Columns

• Income Bracket: This column showcases 20 income brackets ranging from $1 to $100,000+..
• Full-Time Males: The count of males employed full-time year-round and earning within a specified income bracket
• Part-Time Males: The count of males employed part-time and earning within a specified income bracket
• Full-Time Females: The count of females employed full-time year-round and earning within a specified income bracket
• Part-Time Females: The count of females employed part-time and earning within a specified income bracket

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Jet median household income by race. You can refer the same here

Snapshot img

Business Jet Market Size 2024-2028

The business jet market size is forecast to increase by USD 4.9 billion at a CAGR of 3.3% between 2023 and 2028.

The market is experiencing significant growth, driven by several key factors. Increased global connectivity has led to a surge in demand for private jet travel, enabling executives and high net worth individuals to save time and increase productivity. Another trend influencing the market is the preference for long-range aircraft, allowing for greater flexibility and reach. Additionally, growing global geopolitical issues have heightened the need for secure and efficient air travel solutions. These factors, among others, are expected to drive the growth of the market In the coming years. However, challenges such as high operational costs and stringent regulations pose significant hurdles for market participants.Despite these challenges, the market is poised for steady growth, with advancements in technology and increasing demand from emerging economies providing opportunities for innovation and expansion.

What will be the Size of the Business Jet Market During the Forecast Period?

Request Free SampleThe market encompasses the design, manufacturing, financing, maintenance, and operation of luxury air travel solutions for executives and businesses. This dynamic industry continues to evolve, driven by increasing demand for time-saving and efficient air travel experiences. Key trends include the adoption of eco-friendly technologies, such as hybrid and electric jets, and a focus on safety and reliability. Regulations play a significant role in shaping the market, with ongoing efforts to improve air traffic management and airport infrastructure. The preowned segment also remains a significant player, offering cost-effective alternatives to new business jets. Innovation continues to drive the market forward, with advancements in air travel costs, flight delays, and long-haul flights.Additionally, urban air mobility and consulting services are emerging areas of growth. Business jet ownership and private jet charter services cater to the executive travel segment, providing flexibility and global connectivity. Overall, the market is a thriving industry that prioritizes luxury, long-range flights, and business travel efficiency.

How is this Business Jet Industry segmented and which is the largest segment?

The business jet industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userOperatorPrivateTypeLarge business jetMedium business jetLight business jetGeographyNorth AmericaCanadaUSEuropeGermanyUKAPACChinaMiddle East and AfricaSouth America

By End-user Insights

The operator segment is estimated to witness significant growth during the forecast period. The market is primarily driven by the operator segment, which includes corporations and individuals utilizing these aircraft for various purposes, such as corporate travel, charter, and fractional ownership. Business jets offer expedited transportation for executives and decision-makers, enhancing operational efficiency and competitiveness. Charter service providers cater to the demand for on-demand travel solutions, providing flexibility and privacy. New airports and electronic transport mediums, including eVTOL technology, are expected to expand the market's reach. Propulsion system advancements, cabin interiors, and fleet modernization are key trends in this sector. Safety features, fuel-efficient engines, and sustainable fuels are essential considerations for both new and pre-owned business jets.The market is influenced by factors like passenger comfort, short-haul flights, airport operations, innovative flight decks, and original equipment manufacturers. Business jet procurement costs, net worth, and desired schedules are crucial factors for wealthy individuals and multinational corporations. In conclusion, the market is a significant player In the aviation industry, offering a range of benefits to its users while prioritizing safety, efficiency, and innovation.

Get a glance at the market report of various segments Request Free Sample

The Operator segment was valued at USD 25.20 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The North American market holds the largest share In the global business jet industry, driven by its robust economic conditions, extensive infrastructure, and d

The US Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

As a result of the continued annual growth in global air traffic passenger demand, the number of airplanes that were involved in accidents is on the increase. Although the United States is ranked among the 20 countries with the highest quality of air infrastructure, the U.S. reports the highest number of civil airliner accidents worldwide. 2020 was the year with more plane crashes victims, despite fewer flights The number of people killed in accidents involving large commercial aircraft has risen globally in 2020, even though the number of commercial flights performed last year dropped by 57 percent to 16.4 million. More than half of the total number of deaths were recorded in January 2020, when an Ukrainian plane was shot down in Iranian airspace, a tragedy that killed 176 people. The second fatal incident took place in May, when a Pakistani airliner crashed, killing 97 people. Changes in aviation safety In terms of fatal accidents, it seems that aviation safety experienced some decline on a couple of parameters. For example, there were 0.37 jet hull losses per one million flights in 2016. In 2017, passenger flights recorded the safest year in world history, with only 0.11 jet hull losses per one million flights. In 2020, the region with the highest hull loss rate was the Commonwealth of Independent States. These figures do not take into account accidents involving military, training, private, cargo and helicopter flights.

The Southeast Asia business jet market is experiencing robust growth, projected to reach a market size of $463.39 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 14.36% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the rising high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) in the region are driving demand for private aviation. Economic growth across Southeast Asia, particularly in countries like Singapore, Indonesia, and Thailand, is further bolstering this trend. Furthermore, improvements in airport infrastructure and the increasing adoption of fractional ownership and jet card programs are making business jet travel more accessible and affordable. The market is segmented by aircraft type (light, mid-size, and large jets) and geography (Singapore, Indonesia, Thailand, Philippines, Vietnam, and Rest of Southeast Asia), reflecting varying levels of demand across different nations and aircraft categories. Singapore, with its established aviation hub and strong economic activity, likely holds the largest market share within the region. However, rapid economic development in Indonesia and Thailand contributes significantly to market growth. While a lack of readily available detailed regional data necessitates logical estimation, the overall trajectory suggests a consistently expanding market driven by economic progress and increasing affluence. The key players in this dynamic market include established global manufacturers like Textron Inc, Dassault Aviation SA, General Dynamics Corporation, Airbus SE, Embraer SA, Bombardier Inc, Honda Aircraft Company, and The Boeing Company. These companies are likely adapting their strategies to cater to the specific needs and preferences of the Southeast Asian market, which may include focusing on aircraft types suitable for shorter regional flights and offering customized services. Competition is expected to intensify as more players enter the market or expand their offerings, placing a premium on efficient operations, superior customer service, and strategic partnerships to achieve sustainable growth. Potential restraints could include regulatory hurdles, fluctuating fuel prices, and economic downturns; however, the overall long-term outlook remains positive given the region's projected economic expansion and increasing demand for premium air travel. This in-depth report provides a comprehensive analysis of the Southeast Asia business jet market, covering the period 2019-2033. With a focus on the key trends, growth drivers, and challenges shaping this dynamic sector, this report is an invaluable resource for industry stakeholders, investors, and anyone seeking to understand the future of private aviation in Southeast Asia. The report leverages extensive data analysis, providing a detailed overview of market size, segmentation, and future projections, with a base year of 2025 and forecast period extending to 2033. Notable trends are: Large Jets Segment held the Largest Share in 2021.

This dataset is designed for research on real-time edge computing architectures in Industrial Internet of Things (IIoT) applications. It simulates sensor data, network latency, and predictive maintenance in a smart manufacturing environment. The dataset integrates Fuzzy PID controllers for adaptive industrial process control and includes a target column (Predicted_Failure) for autonomous decision-making.

Key Features Time-Series IIoT Sensor Data (Temperature, Pressure, Vibration)

Edge Computing Metrics (Network Latency, Processing Time)

Fuzzy PID Controller Output (Optimized for real-time control)

Maintenance Status (Normal, Warning, Failure)

Predictive Failure Labels (1 = Failure, 0 = No Failure)

Overview: The NASA CMAPSS dataset consists of simulated jet engine sensor readings generated using the Commercial Modular Aero-Propulsion System Simulation (CMAPSS). It’s widely used for research in prognostics, health management, and remaining useful life (RUL) estimation.

Contents:

Training Data: Contains engine cycle information and sensor measurements. Test Data: Engine cycle data without RUL labels, to be predicted. RUL Values: Ground truth remaining useful life for the test engines. Applications: Ideal for time-series analysis, anomaly detection, and developing machine learning models focused on predictive maintenance.

The Middle-East and Africa Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet) and by Country (Algeria, Egypt, Qatar, Saudi Arabia, South Africa, United Arab Emirates). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

India: Jet fuel consumption, thousand barrels per day: The latest value from 2023 is 174.88 thousand barrels per day, an increase from 133.12 thousand barrels per day in 2022. In comparison, the world average is 34.51 thousand barrels per day, based on data from 190 countries. Historically, the average for India from 1980 to 2023 is 76.86 thousand barrels per day. The minimum value, 25.8 thousand barrels per day, was reached in 1980 while the maximum of 178.6 thousand barrels per day was recorded in 2018.

In 2023, the estimated number of scheduled passengers boarded by the global airline industry amounted to approximately 4.5 billion people. This represents a significant increase compared to the previous year since the pandemic started and the positive trend was forecast to continue in 2024, with the scheduled passenger volume reaching just below five billion travelers. Airline passenger traffic The number of scheduled passengers handled by the global airline industry has increased in all but one of the last decade. Scheduled passengers refer to the number of passengers who have booked a flight with a commercial airline. Excluded are passengers on charter flights, whereby an entire plane is booked by a private group. In 2023, the Asia Pacific region had the highest share of airline passenger traffic, accounting for one third of the global total.

Jet aircraft are one of the most disturbing sources of noise in our environment. People who live in communities near airports have become increasingly concerned about potential health effects from aircraft noise.

Snapshot img

Water Scooter Market Size 2024-2028

The water scooter market size is forecast to increase by USD 1.24 billion at a CAGR of 11.5% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing number of water sporting facilities worldwide is driving market growth, as more people have access to opportunities for water adventures. Additionally, the rising participation in water sports and activities is fueling market demand. Coastguards and rescue teams also utilize lifejackets and these vehicles for safety and operational purposes. However, the market also faces challenges, including the high risks associated with water scooters and water sports. Despite these risks, the market is expected to continue growing as water sports gain popularity and technology advances to improve safety features. Overall, the market is an exciting and dynamic industry with strong growth potential.

What will be the Size of the Water Scooter Market During the Forecast Period?

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The market, encompassing water jet bikes and deep propulsion vehicles, continues to gain traction along adventure-seeking coastlines worldwide. Fuel-powered systems dominate the current landscape, catering to deep-sea diving and underwater exploration. However, the shift towards eco-friendly battery-powered alternatives is on the rise, driven by millennials' increasing preference for sustainable recreational activities. Adventure sports and tourism industries capitalize on this trend, offering unique experiences for civilians and professionals alike.



Coast guards employ these vehicles for rescue operations, emphasizing safety and adherence to procedures. Underwater activities, including scuba diving, have witnessed substantial product adoption, fueling the wider application of water scooters. Business opportunities abound in this market, with safety concerns and issues remaining paramount. Adventurous instincts and the allure of underwater life propel the market forward, promising continued growth and innovation.

How is this Water Scooter Industry segmented and which is the largest segment?

The water scooter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Abovewater
  Underwater


Propulsion

  Fuel operated
  Battery operated


Application

  Commercial
  Military
  Personal


Geography

  North America

    Canada
    US


  Europe

    UK
    France


  APAC

    China


  Middle East and Africa



  South America

By Type Insights

The abovewater segment is estimated to witness significant growth during the forecast period.

The market encompasses fuel-powered and battery-powered systems, catering to various applications, including deep-sea diving and underwater exploration. Abovewater segment, which includes jet bikes, skis, and ski equipment, is projected to dominate the market due to their widespread usage for recreational activities and transportation. Jet skis, specifically, are lightweight, compact watercraft, equipped with a single engine and open cockpit design. They are popular for their versatility, allowing users to enjoy water sports or navigate through waterways. Law enforcement agencies also utilize jet skis for patrolling and maintaining security along coastal areas.

Get a glance at the Water Scooter Industry report of share of various segments Request Free Sample

The abovewater segment was valued at USD 879.40 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The market in North America is projected to dominate the global industry due to the increasing popularity of water adventure tourism. With high, adventurous instincts driving consumer preferences, the region's market size is expected to expand significantly during the forecast period. The growing trend of adventure sports and leisure activities, coupled with rising disposable income and expenditure, will fuel the market's growth. Furthermore, the presence of numerous jet skiing championships and events, as well as the increasing number of tourists, will provide ample opportunities for market expansion. The market in North America is poised for lucrative growth, making it an attractive investment opportunity for businesses.

Market Dynamics

Our water scooter market researchers analyzed the data with 2023 as the base year, along with the key driv

Europe Charter Jet Services Market size was valued at USD 7.17 Billion in 2024 and is projected to reach USD 13.28 Billion by 2032, growing at a CAGR of 8.01% from 2026 to 2032.

Europe Charter Jet Services Market Drivers

Surge in Light Jet Demand: Light jets are gaining popularity due to their cost-effectiveness and ability to access smaller airports. These aircraft are ideal for short-haul trips, which are common in Europe's densely populated regions. By December 2023, Europe had approximately 286 operational light private charter jets, with Textron Aviation's Cessna models leading the market . Mordor Intelligence

1. Germany's Market Leadership: Germany holds an 18% share of Europe's active charter jet fleet, making it the largest market in the region. The country's growth is attributed to an expanding network of air charter services and a rising number of ultra-high-net-worth individuals (UHNWIs). By December 2023, large jets dominated the market at 62%, with Textron Aviation, Embraer, and Bombardier collectively controlling over 72% of the operational business jet fleet.

Technological Advancements: The integration of advanced technologies, such as artificial intelligence (AI), is enhancing flight efficiency, safety, and maintenance. AI aids in optimizing flight routes, reducing fuel consumption, and improving overall operational efficiency.

Sustainable Initiatives: Environmental concerns are prompting charter jet operators to adopt sustainable practices. Initiatives include investments in electric or hybrid aircraft, carbon offset programs, and the use of sustainable aviation fuel (SAF).

The Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The dataset is organized by myself, including each WHO member country's regional classification and income level. Region mapping is according to the WHO's countries and regions list, and income levels are based on the latest World Bank records.

Attribute - Country - Region - IncomeGroupCountry

Image credit: https://www.pexels.com/photo/person-with-toy-airplane-on-world-map-3769138/

The Private Jet Charter Apps market has emerged as a transformative force in the aviation industry, fundamentally altering how individuals and businesses approach air travel. These innovative platforms offer a seamless, on-demand solution for booking private flights, eliminating traditional barriers to entry in the

The Jet Charter Services market has witnessed substantial growth over the years, emerging as a crucial segment of the aviation industry. This service allows individuals and businesses to rent private aircraft for tailored travel experiences, providing unparalleled flexibility and convenience compared to commercial f

The Europe Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet) and by Country (France, Germany, Italy, Netherlands, Russia, Spain, Turkey, UK). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Jet Ready for Takeoff? (JTAIW)

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data