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The graphs can be used together to determine the economic equilibrium (essentially, to solve an equation). Simple graph used for reading values: the bell-shaped normal or Gaussian probability distribution, from which, for example, the probability of a man's height being in a specified range can be derived, given data for the adult male population.
The tabular representation lends itself well to computational applications. There are different ways to store graphs in a computer system. The data structure used depends on both the graph structure and the algorithm used for manipulating the graph. Theoretically one can distinguish between list and matrix structures but in concrete ...
William Playfair (22 September 1759 – 11 February 1823) was a Scottish engineer and political economist.The founder of graphical methods of statistics, [1] Playfair invented several types of diagrams: in 1786 he introduced the line, area and bar chart of economic data, and in 1801 he published what were likely the first pie chart and circle graph, used to show part-whole relations. [2]
In computer science, a graph is an abstract data type that is meant to implement the undirected graph and directed graph concepts from the field of graph theory within mathematics. A graph data structure consists of a finite (and possibly mutable) set of vertices (also called nodes or points ), together with a set of unordered pairs of these ...
The four datasets composing Anscombe's quartet. All four sets have identical statistical parameters, but the graphs show them to be considerably different. Anscombe's quartet comprises four datasets that have nearly identical simple descriptive statistics, yet have very different distributions and appear very different when graphed.
Graphical statistical methods have four objectives: [2] The exploration of the content of a data set; The use to find structure in data; Checking assumptions in statistical models; Communicate the results of an analysis. If one is not using statistical graphics, then one is forfeiting insight into one or more aspects of the underlying structure ...
Tukey defined data analysis in 1961 as: "Procedures for analyzing data, techniques for interpreting the results of such procedures, ways of planning the gathering of data to make its analysis easier, more precise or more accurate, and all the machinery and results of (mathematical) statistics which apply to analyzing data." [3]
A chart (sometimes known as a graph) is a graphical representation for data visualization, in which "the data is represented by symbols, such as bars in a bar chart, lines in a line chart, or slices in a pie chart". [1] A chart can represent tabular numeric data, functions or some kinds of quality structure and provides different info.
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