The Banksia Plot: A Method for Visually Comparing Point Estimates and Confidence Intervals Across Datasets

13 Pages Posted: 9 Apr 2024

See all articles by Simon Turner

Simon Turner

Monash University

Amalia Karahalios

University of Melbourne - Centre for Epidemiology and Biostatistics

Elizabeth Korevaar

Monash University

Joanne E. McKenzie

Monash University

Abstract

AbstractBackground:In research evaluating statistical analysis methods, a common aim is to compare point estimates and confidence intervals (CIs) calculated from different analyses. This can be challenging when the outcomes (and their scale ranges) differ across datasets. We therefore developed a plot to facilitate pairwise comparisons of point estimates and confidence intervals from different statistical analyses both within and across datasets.Methods:The plot was developed and refined over the course of an empirical study. To compare results from a variety of different studies, a system of centring and scaling is used. Firstly, the point estimates from reference analyses are centred to zero, followed by scaling confidence intervals to span a range of one. The point estimates and confidence intervals from matching comparator analyses are then adjusted by the same amounts. This enables the relative positions of the point estimates and CI widths to be quickly assessed while maintaining the relative magnitudes of the difference in point estimates and confidence interval widths between the two analyses. Banksia plots can be graphed in a matrix, showing all pairwise comparisons of multiple analyses. In this paper, we show how to create a Banksia plot and present two examples: the first relates to an empirical evaluation assessing the difference between various statistical methods across 190 interrupted time series (ITS) data sets with widely varying characteristics, while the second example assesses data extraction accuracy comparing results obtained from analysing original study data (43 ITS studies) with those obtained by four researchers from datasets digitally extracted from graphs from the accompanying manuscripts.Results:In the Banksia plot of statistical method comparison, it was clear that there was no difference, on average, in point estimates and it was straightforward to ascertain which methods resulted in smaller, similar or larger confidence intervals than others. In the Banksia plot comparing analyses from digitally extracted data to those from the original data it was clear that both the point estimates and confidence intervals were all very similar among data extractors and original data.Conclusions:The Banksia plot, a graphical representation of centred and scaled confidence intervals, provides a concise summary of comparisons between multiple point estimates and associated CIs in a single graph. Through this visualisation, patterns and trends in the point estimates and confidence intervals can be easily identified.

Keywords: KEYWORDS: Empirical study, Banksia plot, Diagram, Graphical representation, intercoder reliability

Suggested Citation

Turner, Simon and Karahalios, Amalia and Korevaar, Elizabeth and McKenzie, Joanne E., The Banksia Plot: A Method for Visually Comparing Point Estimates and Confidence Intervals Across Datasets. Available at SSRN: https://ssrn.com/abstract=4788668 or http://dx.doi.org/10.2139/ssrn.4788668

Simon Turner

Monash University ( email )

Amalia Karahalios

University of Melbourne - Centre for Epidemiology and Biostatistics ( email )

Elizabeth Korevaar

Monash University ( email )

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