Chapter 3
Advanced Geoms and Statistics
Section 5
Trends, Correlations, and Statistical Summaries
Statistical summaries are useful for summarizing a group of points. You may want to see different quantities (such as the minimum, maximum, mean, median, or quantiles) for a time series plot or a line chart that includes multiple y values for a given x value. We will use the financial data from Facebook and the statistical summary tool to better understand the trends. Let us understand the following concepts: - Time Series Plot with Mean, Median, and Quantiles - Trends, Correlations, and Scatter Plots - Scatter Plot and Fitting a Linear Regression Model