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Business Analytics and Decision Making with Python

bookVisualizing Funnels in Python

When you present funnel analyses to business stakeholders, clear and effective visualizations are essential. The best practices for visualizing funnels focus on maximizing clarity, highlighting critical drop-off points, and making the insights accessible to non-technical audiences. Always use concise labels for each funnel stage, order stages logically from top (broadest) to bottom (final conversion), and choose color schemes that are both visually appealing and accessible, such as colorblind-friendly palettes. Annotate key values, such as user counts or conversion rates, directly on the chart to make the story easy to follow at a glance. Avoid clutter, unnecessary gridlines, or excessive text, and ensure the chart title and axis labels are business-relevant and self-explanatory.

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import seaborn as sns import matplotlib.pyplot as plt import pandas as pd stages = ["Visited Site", "Signed Up", "Activated", "Purchased"] user_counts = [1000, 600, 350, 120] df = pd.DataFrame({"Stage": stages, "Users": user_counts}) plt.figure(figsize=(8, 5)) bars = sns.barplot( data=df, x="Stage", y="Users", hue="Stage", palette="Blues_r", dodge=False, ) plt.title("User Funnel: Website to Purchase") plt.xlabel("Funnel Stage") plt.ylabel("Number of Users") # Add value annotations for i, count in enumerate(user_counts): plt.text(i, count + 10, str(count), ha='center', va='bottom', fontsize=10, fontweight='bold') plt.tight_layout() plt.show()
copy

When interpreting funnel charts, focus on the relative drop-offs between each stage and consider what these mean for your business. A sharp decline between two stages signals a bottleneck or friction point that might require attention. Communicate findings to non-technical audiences by emphasizing plain-language insights, such as "Most users drop off after signing up but before activating," and relate these patterns to potential business actions. Use the chart’s annotations and color cues to guide your explanation, ensuring stakeholders can see at a glance where improvements could have the biggest impact.

question mark

What is the primary purpose of using funnel visualization in business analytics?

Select the correct answer

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Hvordan kan vi forbedre det?

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Seksjon 2. Kapittel 3

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Suggested prompts:

Can you explain how to identify the biggest drop-off in this funnel?

What are some common reasons for user drop-off at each stage?

How can I make this funnel chart more accessible for colorblind users?

bookVisualizing Funnels in Python

Sveip for å vise menyen

When you present funnel analyses to business stakeholders, clear and effective visualizations are essential. The best practices for visualizing funnels focus on maximizing clarity, highlighting critical drop-off points, and making the insights accessible to non-technical audiences. Always use concise labels for each funnel stage, order stages logically from top (broadest) to bottom (final conversion), and choose color schemes that are both visually appealing and accessible, such as colorblind-friendly palettes. Annotate key values, such as user counts or conversion rates, directly on the chart to make the story easy to follow at a glance. Avoid clutter, unnecessary gridlines, or excessive text, and ensure the chart title and axis labels are business-relevant and self-explanatory.

123456789101112131415161718192021222324252627282930
import seaborn as sns import matplotlib.pyplot as plt import pandas as pd stages = ["Visited Site", "Signed Up", "Activated", "Purchased"] user_counts = [1000, 600, 350, 120] df = pd.DataFrame({"Stage": stages, "Users": user_counts}) plt.figure(figsize=(8, 5)) bars = sns.barplot( data=df, x="Stage", y="Users", hue="Stage", palette="Blues_r", dodge=False, ) plt.title("User Funnel: Website to Purchase") plt.xlabel("Funnel Stage") plt.ylabel("Number of Users") # Add value annotations for i, count in enumerate(user_counts): plt.text(i, count + 10, str(count), ha='center', va='bottom', fontsize=10, fontweight='bold') plt.tight_layout() plt.show()
copy

When interpreting funnel charts, focus on the relative drop-offs between each stage and consider what these mean for your business. A sharp decline between two stages signals a bottleneck or friction point that might require attention. Communicate findings to non-technical audiences by emphasizing plain-language insights, such as "Most users drop off after signing up but before activating," and relate these patterns to potential business actions. Use the chart’s annotations and color cues to guide your explanation, ensuring stakeholders can see at a glance where improvements could have the biggest impact.

question mark

What is the primary purpose of using funnel visualization in business analytics?

Select the correct answer

Alt var klart?

Hvordan kan vi forbedre det?

Takk for tilbakemeldingene dine!

Seksjon 2. Kapittel 3
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