Professional Documents
Culture Documents
ASSIGNMENT TWO
Bar charts – are used in comparison of values such as performance for several persons or
businesses in a single time period. For a single variable measured over time a line chart is
preferable.
Histogram – are used in determining frequency of annual stock market percentage returns within
particular ranges (bins) such as 0-10%, 11-20%, etc.
Scatter plot – are used in determining the relationship (e.g., correlation) between unemployment
(x) and inflation (y) for multiple time periods.
Network analysis – are used in determining the most influential nodes in the network (e.g. A
company wants to target a small group of people on Twitter for a marketing campaign).