Neas-Seminars

Fox Module 4 Bivariate displays


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By NEAS - 12/2/2009 2:04:13 PM

Fox Module 4 Bivariate displays

 


           Scatter-plot matrices

           Coded scatter-plots


 

 

Read Section 3.2, “Plotting bivariate data,” on pages 40-43. Scatterplots are for quantitative explanatory variables, and box-plots are for qualitative explanatory variables. Know the statements in the two gray boxes in this section.

 

Read Section 3.3, “Plotting multivariate data,” on pages 43-45, including sections 3.3.1 and 3.3.2. Figure 3.17 on page 44 shows a scatterplot matrix; know how to interpret the scales on each axis.

 

Scatterplot matrices are excellent tools for visualizing data sets with several dimensions.

 

Illustration: You have personal auto claim frequency data, classified by drive age, sex, marital status, and credit score; use of vehicle, type of vehicle, and miles driven; territory; and other rating variables. You want to know how claim frequency relates to each of these variables, and you also want to know if these variables are related. The scatterplot matrix shows all the relations, and helps you grasp how the variables inter-relate.

 

By NEAS - 5/24/2013 10:32:15 AM

Question:

In the Fox Module 4, it says box-plots are for qualitative explanatory variables, I think that should still be quantitative based on the Fox text. It can be a qualitative response variable but I think it still needs to be a quantitative explanatory. (from Keith Stoddard)

NEAS:Consider a box plot of claim severity by sex. The explanatory variable (male vs female) is qualitative. The response variable (claim severity) is quantitative. The box plot shows various attributes of the claim severity distribution, such as the median, the upper and lower quartiles, and outliers.