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Both increases are $5, and the linear chart represents the price in equal segments. However, a logarithmic price scale will show different vertical movements for the changes in price between $10 ...
also referred to as a "log scale", is a type of scale used on a chart that is plotted such that two equivalent price changes are represented by the same vertical distance on the scale.
I help people communicate data clearly with graphs. There are two main reasons to use logarithmic scales in charts and graphs. The first is to respond to skewness towards large values; i.e., cases ...
The data look very different when plotted on what is called a logarithmic scale. In a typical graph, values on the (vertical) y-axis are plotted linearly: 1, 2, 3, and so on, or 10, 20 ...