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I want to plot a histogram using some data. Is there any thumb rule to find the appropriate number of bins for a given data?

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You can use one of the following methods to compute the number of bins for a given data:

Formula to compute bin count in histogram

Val: list or vector of values, n: number of elements in the list or vector, IQR: InterQuartile Range, stdev: standard deviation

You can use the following R code to use one of the above methods for bin count:

compute_bin_count <- function(preds, bin_formula){
  ### compute bin count using one of the approaches
 
  if(bin_formula == "square_root"){
    nb <- ceiling(sqrt(length(preds)))
  }else if(bin_formula == "sturges"){
    nb <- ceiling(log2(length(preds))) + 1       
  }else if(bin_formula == "rice"){
    nb <- ceiling(2*length(preds)^(1/3))
  }else if(bin_formula == "scott"){
    h <- 3.5 * sd(preds) / length(preds)^(1/3)
    nb <- ceiling((max(preds) - min(preds))/h)
  }else if(bin_formula == "fd"){
    h <- 2 * IQR(preds) / length(preds)^(1/3)
    nb <- ceiling((max(preds) - min(preds))/h)
  }else{
    nb <- 512  
  }
  return(nb)
}

val <- runif(10000)
b_methods <- c("square_root", "sturges", "rice", "scott", "fd")
nbins <- compute_bin_count(val, b_methods[1])
print(nbins)

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