« Illusion or junk? | Main | Illusion or junk? 3 »

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341e992c53ef00d834a5ede553ef

Listed below are links to weblogs that reference Illusion or junk? 2:

Comments

derek c

In fact, this is again a variant of the Bumps chart.

This is why I dislike the overuse of the phrase "bumps chart" to describe any line chart where lines are overlaid to compare relative position: ultimately "bumps chart" comes to mean almost any line chart, including line charts where the x-axis is a quantitative time axis.

The original chart of the Cambridge bumps races is a chart of rank (an ordinal category) against day (another ordinal category, albeit one easy to confuse with a continuous quantity). It looks like a lot of line graphs, but I'd like to keep the name "bumps chart" just for those that chart rank against stage, not quantity against continuous time.

Jon Peltier

Derek has a point. By the definition of Bumps Chart implied in this article, any time series chart with two or more series is a Bumps Chart.

In any case, the line chart is a much better chart than the stacked area chart.

While I applaud the effort to reduce clutter, I found the missing 25% label and tickmark from the left axis and the missing 30% and maybe 35% labels from the right axis more distracting than their presence would have been.

The improvement I would suggest would be to apply the same color to the font of the series labels as to the lines they are labeling.

Daniel Staal

The new chart is no longer misleading, but it conveys entirely different data than the original. The original chart was about the absolute size of the bond market, the new is about the relative sizes of the componets of the market.

Closer to the original intent would probably be to have the vertical axis be dollars, and to have another line for 'total bond market'. It would still show the relative amounts of each sub-market, if not quite as clearly. And it would allow the orignial point of the chart to show through: the growth of debt over time.

Kaiser

Great comments all.

What I have been calling the Bumps chart is a subset of time-series line charts. I can characterize these charts as follows:
- the purpose of Bumps chart is to make comparisons between different measurements at two or more points in time
- the vertical axis is provided on both sides of the chart as typically comparison at the start and end of the period plotted is of special importance
- in multi-period versions, vertical gridlines are necessary in the middle of the chart to aid comparison
- the original uses rank measures but continuous measures can also be used except that
- when continuous measures are plotted, the lack of uniform spacing between time series often poses difficulty in labeling

Jon - good point about the text color

Daniel - it's hard to see the original intent because with a stacked area chart, you can read off the growth of the largest, and smallest, data series but everything in between does not relate to the growth of one asset class but many. I'll have more to say about this later

Daniel Staal

All I mean is that the one thing the orginial chart does accurately display is the total size, in dollars (I assume), of the bond market.

I can't get that off your chart even by adding the lines together. You've totally thrown out absolutes in favor of relative. Which might be better info for a particular point, but it is *different* info.

Your chart is better at conveying its information, but there is information present in the orginal that is not present in yours, because of the choice of data to plot.

Hadley

And the bumps chart is just a special case of the parallel coordinates plot where the coordinates are ordinal observations (ranks) and the axes are arranged in time order.

I think creating names for special cases of general plots is a bad idea, especially when we have tools (eg. the grammar of graphics) that allow us to describe plots in a composable manner.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Marketing analytics and data visualization expert. Author and Speaker. Currently at Vimeo and NYU. See my full bio.

Book Blog



Link to junkcharts

Graphics design by Amanda Lee

The Read



Good Books

Keep in Touch

follow me on Twitter

Residues