Payment Distributions
In 2010 a national study across various industries examined payment distributions by industry. The below additive tree shows the correlations by Industry. When reading an additive tree, follow the path from between the lines. The shorter the distance, the higher correlated they are. Color-coding was done to aide interpretation of the tree and is subjective. I used SYSTAT to create tree.
In reviewing the tree below you can see that, overall, there are two main branches that split at the root. After that, there are some pretty clear patterns.
Here’s a great book to get ideas on conveying data visually
Here’s a great book to get ideas on conveying data visually
And here is a book utilizing SYSTAT by one of the programmers. I learned the vast majority of my statistics from this great book!
