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Question

When a date set consists of huge number of data points, what is the best possible way to plot the data to get the meaning of the data?

A
Tabular representation of data
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B
Pictorial representation of data
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Solution

The correct option is B Pictorial representation of data
Plotting of pictorial representation of data is preferred when a data set consists of many data points.

For example, the data of predicted price and the actual price of a high-demanding commodity is collected over 26 months.

To analyze the data and get meaning from it, it is better to plot a scatter plot and draw a trend line rather than represent it in a tabular format.

Here, the trend line shows that the predicted price is as per the actual price of the commodity over the observed period.

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