Hello, the paper 2 September 2016 paper exam solution to the model use an "area graph". I would probably not use this type of graph here. Is there any alternative substitute that would not penalise for the "wrong choice of graph"?
Would a line graph for illustration of cashflows be acceptable as an alternative solution scoring full marks?
Hello, There is no penalty for the choice of graph as long you chose the data relevant to the question and the graph is displaying the trend. Generally, as per the mark scheme, in Paper 2, you are awarded marks for graphs as long as you were able to: 1. Generate charts 2. Table(s), graph(s) and other results are mathematically correct 3. Results were presented clearly and are informative to the audience 4. Used appropriate formats and chart types for the tables and graphs. 5. Introduced/explained the purpose of table(s) and graph(s). 6. Tables and graphs were clearly labelled and easy to understand at a glance. So, if I were you, I would not worry on choice of graph as long as my graph satisfies the above. I attempted mock exam marking and the graph I produced was not the same as per the solution but I was not penalised in any way.
Thanks Dar_Shan, I was penalised by the wrong choice of graph in the past though, that's why I do worry a lot....
Hello Viki, I would not worry much, just check whether the chart(s) you produced is relevant to the question. For example, if you are told to show the composition of an asset portfolio - one would expect a pie chart/bar chart and not a scatter chart. I hope you get my point.
Thanks, I definitely get it. But when I saw the "area charts" I knew that I would have not picked them for the exam. I would have chosen a line graphs as in other cases when cashflows are illustrated.
Hi Viki, Line Graph is fine. Don't worry just use the checklist above in order to judge whether your graph is correct/not.