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Data Visualization QA

The document provides an overview of various data visualization techniques, focusing on candlestick charts, pie charts, bar charts, radar charts, and histograms. It explains key concepts such as the significance of body and wicks in candlestick charts, the Doji pattern, and the differences between pie and bar charts. Additionally, it discusses the advantages and disadvantages of radar charts and scenarios where bar charts are more effective than line charts.

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leeasim2
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19 views2 pages

Data Visualization QA

The document provides an overview of various data visualization techniques, focusing on candlestick charts, pie charts, bar charts, radar charts, and histograms. It explains key concepts such as the significance of body and wicks in candlestick charts, the Doji pattern, and the differences between pie and bar charts. Additionally, it discusses the advantages and disadvantages of radar charts and scenarios where bar charts are more effective than line charts.

Uploaded by

leeasim2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Data Visualization Questions & Answers

Q1. Explain the significance of body and wicks in a candlestick chart?

In a candlestick chart:
- The **body** represents the range between the opening and closing prices.
- If the body is filled or red, it means the closing price was lower than the opening price (bearish).
- If the body is hollow or green, it means the closing price was higher than the opening price
(bullish).
- The **wicks** (also called shadows) are the thin lines above and below the body.
- The **upper wick** shows the highest price during the time period.
- The **lower wick** shows the lowest price during the time period.
Together, they provide a clear picture of price movement and market sentiment.

Q2. What is the Doji pattern in a candlestick chart and what does it indicate?

A Doji is a candlestick pattern where the **opening and closing prices are nearly equal**, resulting in
a very small body.
**What it indicates:**
- Market **indecision** between buyers and sellers.
- Often appears at the **end of trends** and may signal a **reversal**.
**Types of Doji:**
1. Standard Doji
2. Long-legged Doji
3. Dragonfly Doji
4. Gravestone Doji

Q3. How is a pie chart different from a bar chart in terms of data representation?

Pie Chart:
- Shows **part-to-whole relationships** (percentages of 100%).
- Circular chart divided into slices.
- Best for showing composition.
Bar Chart:
- Compares **values across categories**.
- Uses bars (vertical or horizontal).
- Better for precise value comparison and large datasets.

Q4. Advantages and disadvantages of a radar chart?

Advantages:
1. Compares **multiple variables** easily.
2. Highlights **patterns or profiles**.
3. Compact and visual.
Disadvantages:
1. Hard to read with **too many variables**.
2. Not ideal for **exact values**.
3. Can be **misleading** if not scaled properly.

Q5. List three scenarios or applications where bar charts are more effective than line charts.

1. **Comparing categories at a point in time** (e.g., product sales).


2. **Showing rankings** (e.g., top countries by population).
3. **Displaying survey results** (e.g., responses to a questionnaire).

Q6. What is a histogram and how is it different from a bar chart?

Histogram:
- Used for **continuous numerical data**.
- Shows **frequency distribution**.
- Bars are **touching** to indicate continuity.
Bar Chart:
- Used for **categorical data**.
- Compares **individual values**.
- Bars are **separated** to show distinct categories.

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