Business Analytics Chapter 3

The charts that are helpful in making comparisons between categorical variables are

bar charts and column charts.

In order to visualize three variables in a two-dimensional graph, we use a

bubble chart.

A _____________ is a graphical presentation of the relationship between two quantitative variables.

scatter chart

Tables should be used instead of charts when

the values being displayed have different units or very different magnitudes.

A _____________ is a line that provides an approximation of the relationship between the variables.

trendline

The software package most commonly used for creating simple charts is

Excel.

Deleting the grid lines in a table and the horizontal lines in a chart

increases the data-ink ratio.

In a business, the values indicating the business's current operating characteristics, such as its financial position, the inventory on hand, and customer service metrics, are typically known as

key performance indicators.

A time series plot is also known as a

line chart.

The above image, which depicts time series data, is a

line chart.