Is this a variation on a residual plot?

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  • Thread starter Ikaros
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Ikaros
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Hi all,

Consider the scatter plot below (example only):

Two stacked scatter plots: top shows y against x with a black diagonal line y = x and points clustered near it; bottom shows (y-x)/(1+x) against x, with points scattered around zero.


The bottom subplot looks like a residual plot (y-x), but it's over (1+x). I'm hoping someone can explain what this is and the benefit of it.

Thanks
 
Based on what type of data it is, I think you're correct. Thanks.