Chart crimes make frequent appearances in the world of finance, and they can attract a great deal of attention. What is a chart crime? It is often an attempt to mislead people who quickly glance at a chart. This can mean manipulating start or end dates to show a particular outcome or cropping chart axes to make a small change seem bigger than it is in reality.The chart crime highlighted here addresses elements of inequality, and the impacts of the pandemic.
Charts are a statistical output designed to frame a story. Every chart has intent. Design choices are important. Not every chart crime is nefarious. Often they simply reveal how their creator has fooled themselves.
In this week’s video we look at some chart crimes and discuss the purpose of and importance of statistics in the world of finance.
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