This type of scatterplot can be considered to be a combination of two
multiple scatterplots for one X-variable and two different sets (lists) of Y-variables. A scatterplot for the X-variable and each of the selected Y-variables will be plotted, but the variables entered into the first list (called Left-Y) will be plotted against the left-Y axis, whereas the variables entered into the second list (called Right-Y) will be plotted against the right-Y axis. The names of all Y-variables from the two lists will be included in the legend followed either by the letter (L) or (R), denoting the left-Y and right-Y axis, respectively.
The Double-Y scatterplot can be used to compare images of several correlations by overlaying them in a single graph. However, due to the independent scaling used for the two list of variables, it can facilitate comparisons between variables with values in different ranges.
See also,
Data Reduction.