# Prediction chart

## Prediction matrix helps to build and test sophisticated predictions

Prediction itself is the process of calculating the likelihood of distribution over one or more variables whose values we are interested in, given the data we have about other variables. And the Prediction matrix assists with creating and testing predictions of how different events are expected to prompt a specific result.
It builds up a model of how a project functions. This model would then be used to create a predicted result, which would then be compared with a known (or planned) result.

In our example, this is reflected in the following: the higher the number in the cell, the more intense is its opacity, and therefore the probability for those values to which this cell corresponds in x and y axes will be the highest. But, bear in mind, that the explanations for x and y axes are already arbitrary, because it depends on the user.
Bullet chart is a bar chart with extended options and serves as an alternative to meters and gauges
Candlesticks chart mostly used in a trading sphere to visualize and analyze the price movements
Cohort chart visualizes a group of subjects or users who share a common characteristic over time
Correlation chart represents the table that indicates the correlation coefficients between different sets of variables
Distribution plot is intended to compare the range and distribution for groups of numerical information
Hexagonal binning is an alternative technique to visualize distributions when working with large sets of data
Matrix chart can be utilized as a management planning tool to examine and show the connection between sets of information
Polar chart is great to plot cyclical information like hourly traffic to a website or the average monthly temperature, etc
Prediction matrix helps to build and test sophisticated predictions
Production chart as Gantt is a popular type of bar chart that displays a list of tasks or activities against time
Radar chart helps to compare multiple quantitative variables
Sankey chart shows the flow and the relationships between two different elements
Scatter plot helps to display values from 2 variables by using points
Sunburst chart helps to visualize hierarchical data
Timeline chart displays a list of events in chronological order
Treemap chart is a space-efficient and more compact method for showing hierarchies
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