Definition of Scatter Plot



To view all organizational processes in a single glance, a graphical tool came in use which is known as scatter plot. The scatter plot analyzes the correlation between important organizational or process variables. There are two types of plots drawn - bivariate and multivariate. A bivariate scatter plot is drawn when only 2 variables are studies together to find out their impact. When more than 2 variables are studied together to find out their impact, it is known as a multivariate scatter plot.

 


Suppose two variables are studied and there exists a high degree of correlation, it gives a fair idea to management to run the business better and improve the processes. Scatter plot is quite useful in the production process to improve productivity and eliminate cost.


View More Human Resource Management Definitions