What is a Box and Whisker Plot, and what are best practices, tools and online templates for teams and organizations?
Definition of Box and Whisker Plot
A Box and Whisker Plot is a graphical method for creating and displaying a specific data set. It is often referred to as a box plat or a box and whisker diagram. The diagram is most often used with historical data to provide an analysis of performance over time (for instance, with individual stocks).
Box and Whisker Plots provide an effective and easy to read summary of data which can be analyzed in a variety of ways and displayed in a single graph. They make comparison of data from different categories easier and more efficient to allow for better decision making.
Description of Box and Whisker Plot
Box plots provide a visual representation of variation between different data sets being measured and evaluated against one another. The ability to compare between different data sets using Box and Whisker Plots is made straightforward by the rectangle (box) and line (whisker) representation of data in specific quartiles.
When creating a Box and Whisker Plot, rectangles are drawn to show the second and third quartiles (around the center of the data set). There is a horizontal line in the center of each box which shows the Median value. The upper and the lower quartiles of the data are displayed by vertical lines above and below the rectangle.
Tools & Templates
The tools managers used to enable the Box and Whisker Plot are sales data sets, consumer brand awareness surveys, analyst reports, and voice of customer data.
upBOARD's Online Box and Whisker Plot Tools & Templates
Unlike most traditional process checklists and problem solving models, upBOARD’s online Box and Whisker Plot model tool allows any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.
Learn more about upBOARD’s portfolio of other business strategy best practice tools and templates, including:
2 X 2 Matrix, ADL Matrix, Affinity Diagrams, Baker’s 4 Strategies of Influence, Balanced Scorecard, Benchmarking, Blue Ocean Strategy, Bowman Strategy Clock, Build-Measure-Learn Feedback Loop, Business Model Canvas, CAGE Distance Framework, Competitive Analysis, Competitive Landscape Analysis, Contingency Planning, Core Competence Analysis, Critical Success Factors, Discovery Driven Planning, Economic Value Added, First Mover Advantage, Five Forces Model, Force Field Analysis, Gap Analysis, GE McKinsey 9-Box Matrix, Go To Market Strategy, Hambrick & Frederickson’s Strategy Diamond, Hedgehog Model, Hook Model of Behavioral Design, Hoshin Planning System, Kay’s Distinctive Capabilities Framework, Key Outcome Indicators, Kotler’s Five Product Levels Model, Kotler’s Pricing Strategies, Lafley & Martin’s Five Step Strategy Model, McKinsey 7S Model, McKinsey’s Seven Degrees of Freedom for Growth, Mergers & Acquisitions, Mission Statements, Mullin’s Seven Domains Model, OGSM Framework, Ohmae’s 3-C’s Model, Partner Relationship Management, PEST Analysis, PESTLE Analysis, Porter’s Diamond, Portfolio Management, Purpose Statements, Pyramid of Purpose, Scenario Planning, Simonson & Rosen’s Influence Mix, SMART Performance Metrics, SMARTER Goals, SOAR, Strategic Goals, Strategy Map, Strategy Roadmap, Strategy Uncertainty Map, SWOT Analysis, TOWS Matrix, Triple Bottom Line, USP Analysis, Value Chain Analysis, Value Disciplines Model, Value Net Model, Values Statement, Vision Statements, VRIO Analysis, and Weisbord’s Six-Box Model.