Unless all of us work on trend or control charts dont represent time, instead we work to present mostly the amount or brings about our chart without providing time level to that. No effect can be produced without some time constantly moves ahead and never returns. Many a time it is onto common practice for us to attach or provide information on time period of information along with any data, and we need some bouffer with good sense to ask problem, which period of time it signifies and precisely what is the trend in this time period. Whenever we look at virtually any output in chart, it is important to ask the time it consumed, this represents in a chart.
A otter technique of representing is, every graph and or chart shall have got time position to that (only in trend/control charts and some or with timeline). Today we all miss time as a great indicator inside our charts, and sometimes people signify time in Data title. How come its so important? Its vital that you understand the motion of energy within a space along with time space, to make a decision which is applicable to the local timeline. It can help us to know the seasonal variation (time space) of outcome and the current condition/latest time period of data.
Our decisions are to generated for past, they are really for upcoming and in order to guarantee, its crucial to understand that will be we taking a look at something which can be nearer, in the event that not how much old the information in time space, can eve rely on it, all these happen to be possible simply with comprehension of time space. For example , we take an IT companies revenue in previous six month as well as its presented towards the board Of directors and they are generally asked to know, which technology they are good in terms of revenue making Revenue Share 2013 ERP, oracle ERP SAP ERP _ peoples CRM Package Java Fortran
Revenue Share Contributing factors 300, 500 250, 1000 82, up to 29 72. forty five 200, 000 150, 500 100, 500 50, 1000 49. nineteen 90. thirty four 93. ninety two 96. 70 98. 75 100. 00 70 55 30 Specific Percentage Using this they recognize that Java and ERP Oracle is the major revenue adding technologies inside the period Of Equiparable -? Drain 13. Since the per the second graph and or chart its clear that 72. 45 cumulative percentage of revenue comes only from these 2 technologies. However any kind of wise man, would like to request the presenter, where is the clarity over time stamp and just how the revenue growth With respect to time space. If we stop at them little tightly, by dividing the data by Par-June and July -Seep, what we find is listed below charts, Time frame wise Income Share Earnings in H (Par-June) Income in S i9000 (July-Seep) Revenue in Par-June 180, 500 160, 500 140, 500 120, 000 80, 1000 60, 000 40, 500 20, 000 100 70 60 forty In the period Par-June once again Java and Oracle would contribute Earnings in T (Par-Jell) Earnings in July-Seep 90 Earnings in H OLL-Seep) Inside the Period July Seep, we certainly have a surprise that SAP is within top along with Java.
Similarly general revenue is also reduced inside the second period. Hence searching at the first pie data and total chart (custom Praetor) in case the Board of directors takes a decision, can it represent the closest timeline?! Can we take a decision which genuinely represents the current state? The sample case which will we have discussed here is of 6 month and for the financial data it is basically fine to have monthly info.
But in different cases, the place that the data can be trot process or from people and there is not much believed correlation are present between time space and data, we all ignore the time space and which is harmful tort each of our interpretation, Technically today we all dont have a simple solution to represent Timescale as an axis or stuck in a job multidimensional to clarify along with data (which are affordable and easily associates in one chart, while each data has several purpose and we need additional chart to symbolize time in some cases).
It is a good practice to construct more hours charts, however , if you don’t avian to present all of them to your management and clutter the presentation, at least it is important to put a timescale to a graph, which is a prompt for the audience f the chart to think in the perspective of Time. Time Bar can be something quite simple, which eve can add to the any of the data to speak, what exactly the time period we are discussing, the under given one is standard one, Which can be very easily customized and added to the pie chart, Bar graphs, etc . In which time is not one of the significant axis) Put this tavern to purr existing charts, the bottom level represents one particular to 70 counts (lowest unit intended for seconds) and the top the scale has Just a few seconds to Ten years. You can tell Time Value by moving the triangular bars to respective products and worth. From the offered sample Period Value club chart we can understand that the line states 6 month data.
So in our case, we might modify it to read inside the following method, What have got we changed? Nothing very much! But we ensured you of the chart is fully aware of enough time Space and can ask want to understand the period space and your data. Now Value AREAL should be used in most of the condition to ensure we all respect some take decision which is associated with our nearest time and all of us dont miss time from your Charts.