Thursday, September 13, 2012

DAY 7 GROUP A




Bubble Chart
A bubble chart is a variation of a scatter chart in which the data points are replaced with bubbles, and an additional dimension of the data is represented in the size of the bubbles. Just like a scatter chart, a bubble chart does not use a category axis — both horizontal and vertical axes are value axes. In addition to the x values and y values that are plotted in a scatter chart, a bubble chart plots x values, y values, and z (size) values.
Description: Formatted bubble chart
You can use a bubble chart instead of a scatter chart if your data has three data series that each contain a set of values. The sizes of the bubbles are determined by the values in the third data series.
Bubble charts are often used to present financial data. Different bubble sizes are useful to visually emphasize specific values.
To create a bubble chart, arrange your data in rows or columns on a worksheet so that x values are listed in the first row or column and corresponding y values and bubble size (z) values are listed in adjacent rows or columns. For example, organize your worksheet data as shown in the following picture.
Description: Bubble chart
In this bubble chart, the number of products is displayed along the horizontal axis, the sales amounts are displayed along the vertical axis, and the market share percentages are represented by the size of the bubbles.
Consider using a bubble chart when your data includes the following:
  • Three values per data point    Three values are required for each bubble. These values can be in rows or columns on the worksheet, but they must be in the following order: x value, y value, and then z value.
  • Multiple data series    Plotting multiple data series in a bubble chart (multiple bubble series) is similar to plotting multiple data series in a scatter chart (multiple scatter series). Scatter charts use sets of x values and y values, but bubble charts use sets of x values, y values, and z values.
When you create a bubble chart, you can choose one of the following bubble chart subtypes.
  • Bubble or bubble with 3-D effect    Both bubble chart types compare sets of three values instead of two. The third value determines the size of the bubble marker. You can choose to display bubbles in 2-D format or with a 3-D effect.

Description: C:\Users\sunny\Desktop\bubble.PNG


Radar Chart

A radar chart graphically shows the size of the gaps among five to ten organizational performance areas. The chart displays the important categories of performance and makes visible concentrations of strengths and weaknesses.

A radar chart shows how a team has evaluated a number of organizational performance areas. It is therefore essential that the initial evaluation include varied perspectives to provide an overall
realistic and useful picture of performance.

Create categories. Use headers from an affinity diagram or brainstorm major categories of
organizational performance to be plotted. A radar chart can normally include five to ten categories.

Standardize performance definitions. Have all evaluators agree to use standardized
definitions of both full performance and non-performance in each category so that ratings are
performed consistently. Define the scoring range (e.g., 0 to 5 with 5 being full performance).

Rate each performance category. Each evaluator rates each category individually, and the
team then develops an average or consensus score for each category. Alternatively, the team as a
whole may initially develop an average or consensus score for each category.

Construct the chart.
1. Draw a large circle and insert as many spokes or radii as there are performance categories.
2. Around the perimeter of the circle, label each spoke with the title of a performance
category.
3. Subdivide each spoke into the number of increments established in the rating scale. Label
the center of the circle where spokes join as 0 (no performance) and place the highest rating
number (full or exceptional performance) at the end of the spoke at the outer ring.

Plot the ratings. For each performance category, plot on the chart the associated rating. Then
connect the plotted points on all the spokes. Highlight the enclosed central shape as necessary for
ease in viewing.

Interpret and use the results. The resulting radar chart will graphically show areas of relative strength and relative weakness, as well as depicting general overall performance





Description: C:\Users\sunny\Desktop\radarPNG.PNG




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