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adbm
Helper I
Helper I

Zscore use and calculation in power bi to show variance in payment days

Hi,

 

I have a dataset containing a large amount of invoice numbers from various suppliers. i also have the date on which the invoice was booked and the date on which it was paid. i want to show the variance between these two dates in a visual. I thought of calculating the z-score for each row (meaning each invoice) and then show these scores in a box and whisker plot grouped by vendor on one axis. My questions are:

 

1- is this doable and the right way of presenting this data.

2- if yes, can you please guide me on how i can calculate the zscore and then plot data in the box and whisker chart.

 

Thank you

Best,

Natali

1 ACCEPTED SOLUTION
rajendraongole1
Super User
Super User

Hi @adbm -Yes, your approach of using Z-scores and presenting the data via a box and whisker plot is a valid and insightful way of analyzing the variance in payment days for invoices from various suppliers.

1. Using Z-scores allows you to standardize the difference between booking and payment dates, which can help detect vendors whose payment times are significantly outside the average.while plotting it will show the

2. For implementation, you can follow the below link:

Ref link:

How to Calculate Z-Scores in Power BI (statology.org)

 

Hope this works 





Did I answer your question? Mark my post as a solution!

Proud to be a Super User!





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1 REPLY 1
rajendraongole1
Super User
Super User

Hi @adbm -Yes, your approach of using Z-scores and presenting the data via a box and whisker plot is a valid and insightful way of analyzing the variance in payment days for invoices from various suppliers.

1. Using Z-scores allows you to standardize the difference between booking and payment dates, which can help detect vendors whose payment times are significantly outside the average.while plotting it will show the

2. For implementation, you can follow the below link:

Ref link:

How to Calculate Z-Scores in Power BI (statology.org)

 

Hope this works 





Did I answer your question? Mark my post as a solution!

Proud to be a Super User!





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