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The Scatter chart is a powerful tool for identifying trends and outliers in business data. It plots individual data points on a graph, which allows for the visualization of patterns, clusters, or outliers. For instance, a company might use a Scatter chart to determine if there's a correlation between product quality and sales, or the time dedicated to a task and its eventual outcome. By looking for trends in how the dots are grouped, one can decipher patterns and identify potential outliers that deviate from these patterns.
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The 'Scatter chart' helps to illustrate how one variable might affect another. A company might want to figure out if there's a link between product quality and sales. Or perhaps be curious about the link between the time dedicated to a task and its eventual outcome. This chart maps out each data point, making patterns, clusters, or even outliers immediately evident. To decipher patterns, look for trends in how the dots are grouped:
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Use ten dynamic and customizable charts. They are grouped into four main categories: Progress, Timeline, Distribution, and Statistical charts. Each on...
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