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The document discusses various data visualization techniques, including scatter charts, covariance, and correlation coefficients, emphasizing the importance of clarity and effective storytelling in visualizations. It outlines best practices for insight generation and describes different types of dashboards, including static and dynamic. Additionally, it covers various chart types and Excel functionalities that aid in data analysis and visualization.

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mike pallar
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6 views2 pages

Midtem Reviewer

The document discusses various data visualization techniques, including scatter charts, covariance, and correlation coefficients, emphasizing the importance of clarity and effective storytelling in visualizations. It outlines best practices for insight generation and describes different types of dashboards, including static and dynamic. Additionally, it covers various chart types and Excel functionalities that aid in data analysis and visualization.

Uploaded by

mike pallar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Scatter Charts Useful graphs for analyzing the relationship between two variables

Covariance Descriptive measure of the linear association between two variables

Correlation coefficient Measures the relationship between two variables

Chart junk refers to all visual elements in charts and graphs that are not necessary to comprehend the
information represented on the graph, or that distract the viewer from this information.

Gestalt is a psychology term that means "unified whole". It refers to theories of visual perception
developed by German psychologists in the 1920s.

A Good Storytelling Visualization:

• Shows the data


• Has a good data-ink ratio
• Uses color intelligently
• Has appropriate dimension and perspective
• Has appropriate axis scaling
• Leverages Gestalt principals of visual perception
• Comes with a story and insights (next session)

Insight Generation BestPractices:

• Describe the trend, outlier, or feature


• Refer to the greater context
• that may not feature in the data
• Include a time reference if appropriate
• Add value beyond what is obvious on the chart if appropriate
• Insights can be placed in your title (‘hybrid titles’) or can be call out boxes/circles

The dashboard is a visual representation of KPIs, key metrics, and other complex data in a way that’s easy
to understand.

Types of Dashboards

• Static dashboards simply highlight data from a specific timeframe. It never changes.

• On the other hand, dynamic dashboards are updated daily to keep up with changes.

raw data worksheet you created in you is workbook must be in an Excel table format, with each data point
recorded in cells.

Charts: to visualize data

Excel formulas: for complex calculations and filtering

Conditional formatting: to automate the spreadsheet’s responses to specific data points


PivotTable: to sort, reorganize, count, group, and sum data in a table

Power Pivot: to create data models and work with large data sets

Bar chart: compare values on a graph with bars

Waterfall chart: view how an initial value increases and decreases through a series of alterations to reach
an end value

Gauge chart: represent data in a dial. Also known as a speedometer chart

Pie chart: highlight percentages and proportional data

Gantt chart: track project progress

Dynamic chart: automatically update a data range

Pivot chart: summarize your data in a table full of statistics

Macros: automate repetitive actions (you may have to learn Excel VBA for this)

Drop-down lists: allow quick and limited data entry

Slicers: lets you filter data on a Pivot Table

An interval estimate can be computed by adding and subtracting a margin of error to the point estimate.

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