SsanyaS14
commented
4 years ago Review 1 by Sanya Srivastava, 06/15/2020, 3:00 pm
Overview This model would make an exceptional comparison tool. We can see that in terms of the aqueous liquid that is compared to each other and cumulative production. Similarly, formation types are compared to each other and increasing production.
The model is the best fit for categorical data. I would recommend looking into the different completion types as well for comparison. However, I do agree with you over how the model is not the best for its estimation, but we should continue to work with it as time goes along with the sprint.
Correlation and error are not particularly stated in this model, so I suggest finding a way to compare the categorical data to the best you can.
Rankings Clear Defintion - A Correlation - D Error - D Potential - B Excitement - B
samirabr12
Where is the model used Business/Finance
What is the model A waterfall chart is used in qualitative analysis to show how the original value of something is affected positively or negatively by various factors over a period of time. With this chart, you can see how a certain value is affected cumulatively, and which factors specifically affected it this way. The chart displays the effect on this original value by showing how it changes over time with bar graphs associated with each factor.
How can it be applied to oil We can use this model to see how the cumulative oil production changes during the 12 months, as well as see which features in our dataset affected the cumulative oil production, either negatively or positively.