pull down to refresh
110 sats \ 5 replies \ @Undisciplined 3 Mar \ on: Inflation Projections by Country, in 2024 charts_and_numbers
The color scheme really obscures how many places are dealing with high rates of inflation.
It's true that they could use more differentiating colors, like SN ZAP, from orange to purple. But I don't think that's the main issue, I think it's more because most of the values are in the 2-5 range. This makes it harder to differentiate. What value would you consider to be a high rate?
reply
They're probably using a linear scale, which isn't ideal for showing heavily skewed data. I'd probably use a log scale or quantiles. Either way would let us see more of the differences amongst the majority of countries.
reply
That's a great idea! This format is much more effective for displaying the data.
reply
For all the issues with mainstream econ training, we do learn a lot about data visualization.
reply