I like to follow this blog post because they cover the simple to the complex and everything in between. I found this article on there and I just have to share it because 1) it does a great job clarifying definitions, 2) it covers information that we all should know and 3) it’s an easy and enjoyable read.
You can read the entire post (and links to other great content) here: http://www.columnfivemedia.com/data-basics-need-know
The Data Basics You Need to Know
Data is everywhere these days, and it’s likely you do—or will—use it regularly. But we know it’s probably been a while since you sat through math class, or maybe you never quite learned the data basics. (Don’t worry, we won’t call you out.) Instead, we want to help you get a grasp so that you can better understand and ultimately visualize the data you work with. Here are the data basics you need to know.
WTF Is Data?
Data is any information you are collecting: numbers, statistics, measurements. It can also be words, observations, or other inputs.
If you are dealing with numbers that represent something measurable, like sales of a product, you are dealing with quantitative data. If you are dealing with information that represents something less measurable, like how people feel about a product, you are dealing with qualitative data.
Each quantitative data point or variable you collect will be continuous or discrete, but as a whole, you are dissecting your data in one of two ways:
Cross-Sectional: The sample of elements is measured only once. This shows you a snapshot of variables at a point in time (e.g., market survey).
A sample visualization of cross-sectional data.
Longitudinal: The data sample is measured repeatedly over time (e.g., stock prices, monthly sales data).
A sample visualization of longitudinal data collected over time.
What Makes a Data Set?
A data set is comprised of variables; each individual data point—the thing that is measured or counted—is a variable. Each variable can be examined on its own or in relation to other variables to reveal insights, including:
Mean: The sum of all variables divided by the number of variables.
Range: The difference between the highest and lowest variables in your data set.
Quantiles: The values taken at regular intervals from the inverse of the cumulative distribution function (CDF) of a random variable.
Variability/Standard Deviation: Measures of how far a given variable is from the mean.
Distribution: The distribution of data around a central value.
Outliers: A variable that is an abnormal distance from other variables in your data set.
Depending on what type of data you’ve collected, you will see different relationships represented in your data set. Understanding these relationships—and which visualizations communicate that relationship—will help you better communicate your data. Here are some of the most common.
Nominal comparison: This is a simple comparison of the quantitative values of subcategories (e.g., number of visitors to a website).
Chart Types for Nominal Comparison
Time Series: This tracks change in value of a consistent metric over time (e.g., monthly sales).
Chart Types for Time Series
Ranking: This shows how two or more values compare to each other in relative magnitude (e.g., NBA players, ranked by height).
Chart Types for Ranking
Part-to-Whole: This shows a subset of data compared to the larger whole. This is used to show things like proportion or percentages (e.g., percentage of customers purchasing various products).
Chart Types for Part-to-Whole
Correlation: This is data with two or more variables that may demonstrate a positive or negative correlation to each other (e.g., salaries by level of education).
Chart Type for Correlation
This post originally appeared on Visage.