ACTL1101 Lecture Notes - Lecture 6: Scatter Plot

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22 Oct 2018
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Solutions: plots 1a and 1b are quite similar. For each one, the monthly claims are variable in a small range, which makes it hard to see any trend or change throughout the five years without seg(cid:373)e(cid:374)ts (cid:271)etwee(cid:374) poi(cid:374)ts. Therefore, we need some additional information (i. e. the exposure) to give out the frequencies from the claims. Then create a new plot while adding a trend li(cid:374)e usi(cid:374)g the fu(cid:374)(cid:272)tio(cid:374) (cid:858)a(cid:271)li(cid:374)e(cid:859). There are some aspects to consider in order to achieve the most effective visualisation: firstly, we need to understand what we are trying to present. That is, thinking about variables, dependency, trends and so on: secondly, we should think of the most appropriate tool to present the data, which includes scatter plot, bars, histogram and so on. In addition, fine tune the presentation to make the figure eas(cid:455) to read a(cid:374)d (cid:858)prett(cid:455)(cid:859).

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