What is the purpose of graphic analysis?
Graphical analysis refers to the data analysis done using graphical techniques in order to determine the optimal output level. Mainly graphs provide information about the shape of the distribution, trends, outliers, relationships among different variables. It allows the individuals to learn quickly about the nature of the process. , allows communication and clarity, and emphasis more on further analysis. Graphical analysis is the crucial tool that can be used for understanding the variations within the data and thereby understand the process of production. The conclusions which are derived from the graphical analysis are required verification through advanced tools of statistics.
Step by step
Solved in 2 steps