jcmendez
17p13 comments posted · 0 followers · following 0
15 years ago @ Product Reviews Net - PlayStation Move Revie... · 0 replies · +4 points
15 years ago @ 8020world | Tools for ... - Tornado Charts in Exce... · 0 replies · +1 points
15 years ago @ 8020world | Tools for ... - Tornado Charts in Exce... · 0 replies · +1 points
I'm not sure what you mean by saying that the bar with value 4 is bigger than the one with value 6 (do you mean as "value" the delta?), but I can assure you the example is fully correct as of how a tornado chart for sensitivity analysis of a model should look like.
There are other charts named tornado, and they are used to compare two statistical distributions. You can see examples on Peltier's pages http://peltiertech.com/WordPress/tornado-charts-a... -- from your comment I'm guessing this is what you are trying to do, and in that case, you only invert the category of one axis.
For the type of tornado chart that I'm showing, only one horizontal scale is used and all the values shown by the bars are a comparison against the "base case" (7 in the example). Then you read each bar as the variation versus the base case when a parameter changes.
JCM
15 years ago @ 8020world | Tools for ... - Easy creation of torna... · 0 replies · +1 points
It is more about visualization of your results. Although I've seen tornadoes used in engineering/technical settings, the focus of what is presented here is managerial decision making, so keeping it simple with 4-5 key sensitivities works best *in that context*
In many cases, behind one of these charts there is a deep analysis using large models, and techniques like Monte-Carlo analysis. In others, the key sensitivities are determined by experience with a few subject matter experts. At the end, what is important is to find the appropriate level of analysis to support the required decision.
Hope it helps
15 years ago @ http://mal.isi.ma/ - mal.isi.ma | malisima ... · 0 replies · +1 points
16 years ago @ 8020world | Tools for ... - Adding a script menu t... · 0 replies · +1 points
16 years ago @ 8020world | Tools for ... - Tornado Charts in Exce... · 0 replies · +1 points
16 years ago @ 8020world | Tools for ... - Tornado Charts in Exce... · 0 replies · +1 points
16 years ago @ 8020world | Tools for ... - Adding a script menu t... · 0 replies · +1 points
16 years ago @ 8020world | Tools for ... - Tornado Charts in Exce... · 2 replies · +1 points