Question 1
A financial analyst is creating a dashboard to track stock performance. They need to display the daily closing price as a line chart and the daily trading volume as a bar chart for the same stock over the same time period. The values for price (e.g., $150.50) and volume (e.g., 2,500,000) have vastly different scales. Which chart type is the most appropriate and effective for this specific requirement?
Answer and explanation
Correct answer: B
A dual axis chart is the correct choice because it allows two measures with different scales to be displayed on the same chart using two independent axes (a left and a right axis). This is essential for comparing the trend of the closing price and the magnitude of the trading volume simultaneously without one scale distorting the other. A combined axis chart requires the measures to share a single axis, which would not work for measures with vastly different scales. A scatterplot is used for correlation between two measures, not for showing trends over time. A stacked bar chart is used for part-to-whole analysis.