Frequency Plots

Frequency Plots
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Long Tailed Distribution vs Uniform Distribution:

Long Tailed Data Distribution: in which, majority of data is aligned towards one side(say by sorting the count data in ascending or descending order) and so a tail forms with less amount of data distributed towards the lower end.

Uniform Distribution: in which, data is distributed uniformly across the plot.

Banking Domain Examples:

Long Tailed Distribution: Number of Customers using Internet banking from year 2000 to 2020

Uniform Distribution: Number of transactions per day for a month data

Insurance Domain:

Long Tailed Distribution: Users enrolled for an insurance from start of commencement to current date.

Uniform Distribution: No. of insurance users, state wise

Education Domain:

Long Tailed Distribution: number of students scoring below failing scores

Uniform Distribution: Number of students per class

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