Question

For each of the following scenarios, list the purpose(s) of the visualization and the type(s) of visualization that would best fulfill the purpose(s). Justify your choice.

(a) A stock analyst is showing a potential customer how projected returns from various mutual funds will affect the size of retirement savings over time.

b. A tax accountant is showing the CFO how the accumulated effect of asset depreciation differs using Modified Accelerated Cost Recovery System (MACRS)
depreciation, straight-line depreciation, accelerated depreciation, and units of production depreciation.

c. A marketing analyst prepares a viz to show which countries present the best opportunity for expansion to increase profits.

d. A corporate accountant is examining how much variability there is in individual customer spending in response to a social media campaign about company advances
in social responsibility.

e. A large conglomerate corporation operates businesses in several different industries. The CEO wants to see how much each industry contributes to the overall profits of
the corporation.

f. The manager of a movie theater wants to understand how attendance at his movie
theater is affected by prices.

Answer 1

INFORMATION VISUALIZATION IS A POWERFUL INTERACTIVE STRATEGY FOR EXPLORING DATA, ESPECIALLY WHEN COMBINED WITH STATISTICAL METHODS. ANALYSTS IN EVERY FIELD CAN USE INTERACTIVE INFORMATION VISUALIZATION TOOLS FOR:

· MORE EFFECTIVE DETECTION OF FAULTY DATA, MISSING DATA, UNUSUAL DISTRIBUTIONS, AND ANOMALIES

· DEEPER AND MORE THOROUGH DATA ANALYSES THAT PRODUCE PROFOUNDER INSIGHTS, AND

· RICHER UNDERSTANDINGS THAT ENABLE RESEARCHERS TO ASK BOLDER QUESTIONS.

A)

A STOCK ANALYST IS SHOWING A POTENTIAL CUSTOMER HOW PROJECTED RETURNS FROM VARIOUS MUTUAL FUNDS WILL AFFECT THE SIZE OF RETIREMENT SAVINGS OVER TIME.?

HELPS TO CHOOSE CORRECT RETIREMENT SAVINGS THROUGH GRAPH ABOUT MUTUAL FUNDS.

B)

A TAX ACCOUNTANT IS SHOWING THE CFO HOW THE ACCUMULATED EFFECT OF ASSET DEPRECIATION DIFFERS USING MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS).

EASILY GET AN IDEA OF TAX REDUCTION WITH THE MACRS

C)

A MARKETING ANALYST PREPARES A VIZ TO SHOW WHICH COUNTRIES PRESENT THE BEST OPPORTUNITY FOR EXPANSION TO INCREASE PROFITS.

INVESTORS GET AN APT IDEA ABOUT THEIR INVESTEMENT ON THE BASIS OF VISUALIZATION.

D)

A CORPORATE ACCOUNTANT IS EXAMINING HOW MUCH VARIABILITY THERE IS IN INDIVIDUAL CUSTOMER SPENDING IN RESPONSE TO A SOCIAL MEDIA CAMPAIGN ABOUT COMPANY ADVANCES
IN SOCIAL RESPONSIBILITY.

HELPS TO GIVE A GOOD KNOWLEDGE ABOUT THE SOCIAL RESPONSIBILITY TO THE COMPANY THAT THEIR SOCIAL RESPONSIBILITY. HELPS TO DON’T FORGET THAT PROFIT MAKING IS NOT ONLY THE PURPOSE BUT INCLUDES THE RESPONSIBILITY TO THE PUBLIC.

E)

A LARGE CONGLOMERATE CORPORATION OPERATES BUSINESSES IN SEVERAL DIFFERENT INDUSTRIES. THE CEO WANTS TO SEE HOW MUCH EACH INDUSTRY CONTRIBUTES TO THE OVERALL PROFITS OF
THE CORPORATION.

COMPARISION OF GRAPH HELPS TO OPERATE THE BUSINESS IN SERVERAL DIFFERENT INDUSTRIES AND HELPS TO CONCLUDE THAT.

F)

THE MANAGER OF A MOVIE THEATER WANTS TO UNDERSTAND HOW ATTENDANCE AT HIS MOVIE
THEATER IS AFFECTED BY PRICES.

HELPS TO TAKE NECESSERY STEPS AND EAILY UNDERSTAND THE VISUALIZATION TO IMPROVE THEATRE BUSINESS.