Data Visualization Best-Practices For Correlation Detail
This data visualization is very efficient when you need to understand the correlation between two KPIs. Even more interesting, you can define the size of the bubble based on a third KPI.
Categories
Data visualization best-practices
- Display a bubble chart
- The X axis is composed by the first KPI
- The Y axis is composed by the second KPI
- The size of the bubble is defined by a third KPI
- Leverage color coding to show KPI performance for each item
- Add a line being the polynomial at 2 degree highlighting the overall pattern of the correlation
- Allow the user to dynamically select the KPIs (all three) he wants to analyze (for instance moving from a Revenue analysis to a Gross Margin analysis)
- Allow the user to select the analytical axis by which he wants to compute the correlation
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