I read through every visualization post on PHD to find an answer this question. It was such a pleasure. I could spend all day fooling around with the neat visual stuff on Excel. I didn't find the answer, though, so I wanted to ask it here.
I want to add a third variable to a scatter plot. Here's how it would work. The Y axis is a country's economic growth. The X axis is some measure of the risk of doing business in a country. And the dots (circles) are proportional to the size of the economy.
So, for instance, China is growing at 8% per year, is risky to do business in, and has a huge economy. The circle for China would be high up on the Y axis (high growth) and over to the right on the X axis (high risk). So far this is just a scatter plot. What I can't figure out is how to make the China circle huge (because it's the third biggest economy in the world).
Same deal with Denmark (low growth, low risk, tiny circle), Japan (low growth, low risk, enormous circle), Azerbaijan (high growth, high risk, tiny circle) and Zimbabwe (low growth, high risk, tiny circle).
I've got all of the data. Any suggestions on how I might do this? And while I'm at it, any suggestions on alternate ways of visualizing something like this?
Thanks.
Dan
I want to add a third variable to a scatter plot. Here's how it would work. The Y axis is a country's economic growth. The X axis is some measure of the risk of doing business in a country. And the dots (circles) are proportional to the size of the economy.
So, for instance, China is growing at 8% per year, is risky to do business in, and has a huge economy. The circle for China would be high up on the Y axis (high growth) and over to the right on the X axis (high risk). So far this is just a scatter plot. What I can't figure out is how to make the China circle huge (because it's the third biggest economy in the world).
Same deal with Denmark (low growth, low risk, tiny circle), Japan (low growth, low risk, enormous circle), Azerbaijan (high growth, high risk, tiny circle) and Zimbabwe (low growth, high risk, tiny circle).
I've got all of the data. Any suggestions on how I might do this? And while I'm at it, any suggestions on alternate ways of visualizing something like this?
Thanks.
Dan