Business

80 posts
Graphing the economic crisis of coronavirus 2

Last week, I discussed Ray's chart that compares the S&P 500 performance in this crisis against previous crises. A reminder: Another useful feature is the halo around the right edge of the COVID-19 line. This device directs our eyes to where he wants us to look. In the same series, he made the following for The Conference Board (link): Two things I learned from this chart: The oil market takes...

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Graphing the economic crisis of Covid-19

My friend Ray Vella at The Conference Board has a few charts up on their coronavirus website. TCB is a trusted advisor and consultant to large businesses and thus is a good place to learn how the business community is thinking about this crisis. I particularly like the following chart: This puts the turmoil in the stock market in perspective. We are roughly tracking the decline of the Great Recession...

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Food coma and self-sufficiency in dataviz

The Hustle wrote a strong analysis of the business of buffets. If you've read my analysis of Groupon's business model in Numbersense (link), you'll find some similarities. A key is to not think of every customer as an average customer; there are segments of customers who behave differently, and creating a proper mix of different types of customers is the management's challenge. I will make further comments on the statistics...

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Bubble charts, ratios and proportionality

A recent article in the Wall Street Journal about a challenger to the dominant weedkiller, Roundup, contains a nice selection of graphics. (Dicamba is the up-and-comer.) The change in usage of three brands of weedkillers is rendered as a small-multiples of choropleth maps. This graphic displays geographical and time changes simultaneously. The staircase chart shows weeds have become resistant to Roundup over time. This is considered a weakness in the...

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Taking small steps to bring out the message

Happy new year! Good luck and best wishes! *** We'll start 2020 with something lighter. On a recent flight, I saw a chart in The Economist that shows the proportion of operating income derived from overseas markets by major grocery chains - the headline said that some of these chains are withdrawing from international markets. The designer used one color for each grocery chain, and two shades within each color....

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Revisiting global car sales

We looked at the following chart in the previous blog. The data concern the growth rates of car sales in different regions of the world over time. Here is a different visualization of the same data. Well, it's not quite the same data. I divided the global average growth rate by four to yield an approximation of the true global average. (The reason for this is explained in the other...

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This Excel chart looks standard but gets everything wrong

The following CNBC chart (link) shows the trend of global car sales by region (or so we think). This type of chart is quite common in finance/business circles, and has the fingerprint of Excel. After examining it, I nominate it for the Hall of Shame. *** The chart has three major components vying for our attention: (1) the stacked columns, (2) the yellow line, and (3) the big red dashed...

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This chart tells you how rich is rich – if you can read it

Via twitter, John B. sent me the following YouGov chart (link) that he finds difficult to read: The title is clear enough: the higher your income, the higher you set the bar. When one then moves from the title to the chart, one gets misdirected. The horizontal axis shows pound values, so the axis naturally maps to "the higher your income". But it doesn't. Those pound values are the "cutoff"...

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Marketers want millennials to know they’re millennials

When I posted about the lack of a standard definition of "millennials", Dean Eckles tweeted about the arbitrary division of age into generational categories. His view is further reinforced by the following chart, courtesy of PewResearch by way of MarketingCharts.com. Pew asked people what generation they belong to. The amount of people who fail to place themselves in the right category is remarkable. One way to interpret this finding is...

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Differences between enterprise data visualization and data journalism

Toph Tucker used to make graphics for Bloomberg Businessweek. Now he does enterprise visualization for finance. He wrote about the major differences between the two jobs. On the iconic Bloomberg Terminal: There are more things in Bloomberg than are dreamt of in your meetings. This was not the consensus when I worked at Bloomberg, but I now believe the Terminal is incredibly well-designed. Folks reply, “I get that it’s useful,...

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