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Relative Variance And Actual Variance

Question

What do Relative Variance and Actual Variance show on my Discovery chart?

Answer

A chart can be defaulted to a certain Analysis View in the Visual Designer by selecting the chart in question, clicking "Analysis Settings" on the right, and changing the "Default Analysis View".

For those with the "Use Analysis Tools" role permission there is also the option to change the Analysis View on each chart they access.

            

Relative Variance

  • Shows you the point by point difference between two data sets relative to the first data set.
  • The black line represents the values of the same account in the prior period
  • The green columns represent values greater than the black bar
  • The red columns represent values less than the black bar
  • When turning this setting on the variance will show for the first available Series in the chart
  • The values in the example below are in the pattern of 5, -1, 1 (Jan=5, Feb=-1, Mar=1, Apr=5, May=-1, Jun=1, etc.)

Actual Variance

  • Shows you the point by point difference between two data sets compared to zero
  • The black line, rather than representing the same account from the prior period as it does in Relative Variance, is set to zero
  • The green columns represent values greater than zero
  • The red columns represent values less than zero
  • When turning this setting on the variance will show for the first available Series in the chart
  • The values in the example below are in the pattern of 5, -1, 1 (Jan=5, Feb=-1, Mar=1, Apr=5, May=-1, Jun=1, etc.)

   

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