Scatter diagrams, Project Management

Assignment Help:

Scatter diagrams

The possible relationships between two variables are identified using scatter diagrams. In order to understand data as a whole, it is very important to understand the relationships among data elements. The steps to create a scatter diagram are:

1.  Define the theoretical relationship: Relationships between variables are not always obvious. It is easy to assume the relationship between variables.  The first  step  is  to  identify the  two  variables  that  will  be examined.

2.  Collect 50 to 100 paired samples of data: Analysis is based on a sufficient amount of data. Less data will result in erroneous conclusions.

3.  Plot the data on x-y axis: The horizontal axis or x-axis should be used for independent variables. These variables are the base. If there is a relationship between the base and data of other variables, then when the base changes, the data of other variable also changes. The y-axis is used for the dependent variables. These variables will surely change if the base changes.

4.  Interpret the data: Find regular patterns among the plotted points.

The figure shows example of scatter diagrams.

973_scatter diagram.png

Figure: Scatter Diagram


Related Discussions:- Scatter diagrams

Competitive priorities, Explain the basic competitive priorities considered...

Explain the basic competitive priorities considered while formulating operations strategy by a firm?

Use of operational approach in development process, Q. Use of Operational a...

Q. Use of Operational approach in development process? It has been defined as the application of scientific methods, technology and tools to operation of system with optimum s

Projecr, A paper mill produces two grades of paper viz., X and Y. Because o...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

Project management process, Project management Process According to PMB...

Project management Process According to PMBoK, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed

The three main types of estimating methodology, QUESTION (a) Accurate e...

QUESTION (a) Accurate estimation is crucial for effective planning and control and is associated with time, information, experience of estimator, techniques used and funding. D

Stakeholder management, 3. What are some ways to manage a stakeholder rela...

3. What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently based on the unique personalities of different

Commercial project negociation, I want to make a report on this topic by to...

I want to make a report on this topic by tomorrow morniing

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd