Scatter Plots: Purpose
Scatter Plots: Purpose
Scatter Plots:
Purpose: Scatter plots are used to visualize the relationship
between two continuous variables. They help identify
patterns, correlations, or trends between the variables and
assess if there is a linear or non-linear relationship.
Example: Suppose you are analyzing data on a real estate
market. You want to understand how the square footage
(continuous variable) of houses relates to their selling prices
(another continuous variable). You can create a scatter plot
where each point represents a house, with the x-axis showing
square footage and the y-axis showing the selling price. By
examining the scatter plot, you can see if there is a general
trend where larger houses tend to have higher selling prices.
2. Bar Charts:
Purpose: Bar charts are used to display categorical data and
make comparisons between categories. They are effective in
visualizing the distribution or frequency of different
categories.
Example: Consider a survey conducted to determine people's
favorite ice cream flavors. The flavors (e.g., chocolate, vanilla,
strawberry) are categorical data. You can create a bar chart
with the flavors on the x-axis and the number of respondents
who prefer each flavor on the y-axis. This bar chart allows you
to quickly see which flavor is the most popular among survey
participants.
3. Heatmaps:
Purpose: Heatmaps are used to display patterns or
correlations in a matrix of data. They are particularly useful
when dealing with large datasets or when you want to
visualize relationships between multiple variables
simultaneously.
Example: In a stock market analysis, you may have a dataset
containing daily returns of multiple stocks over a period. You
can create a heatmap where rows represent stocks, columns
represent days, and the color intensity in each cell represents
the return on a particular day for a specific stock. Heatmaps
can reveal patterns, such as which stocks tend to move in
sync or which days had significant price changes across the
entire portfolio.
4. Line Charts:
Purpose: Line charts are used to depict trends over time,
making them ideal for visualizing time series data. They show
how a continuous variable changes over a continuous time
period.
Example: Suppose you are analyzing the monthly sales
performance of a retail store over the past year. You can
create a line chart with months on the x-axis and sales
revenue on the y-axis. Each point on the line represents the
sales figure for a particular month. The line chart allows you to
observe trends in sales, such as seasonal patterns, growth, or
fluctuations over time.