Suppose you have a dataset as shown below and you want to create a scatter plot using this data. Revenue) in a scatter chart, we can analyze how strongly or loosely these two variables are connected. When we plot this data (Marketing Expense vs.
Scatter charts are used to understand the correlation (relatedness) between two data variables.Ī scatter plot has dots where each dot represents two values (X-axis value and Y-axis value) and based on these values these dots are positioned in the chart.Ī real-life example of this could be the marketing expense and the revenue of a group of companies in a specific industry. What is a Scatter Chart and When To Use It?
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