Statistics, Department of

 

The R Journal

Date of this Version

6-2015

Document Type

Article

Citation

The R Journal (June 2015) 7(1); Editor: Bettina Grün

Comments

Copyright 2015, The R Foundation. Open access material. License: CC BY 3.0 Unported

Abstract

Fan charts, first developed by the Bank of England in 1996, have become a standard method for visualising forecasts with uncertainty. Using shading fan charts focus the attention towards the whole distribution away from a single central measure. This article describes the basics of plotting fan charts using an R add-on package alongside some additional methods for displaying sequential distributions. Examples are based on distributions of both estimated parameters from a time series model and future values with uncertainty.

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