Excel chart part 2
Bubble Chart
Bubble charts expand scatter charts by adding a third variable represented by bubble size.
Best for:
a) Multi-variable analysis
b) Visualising proportions within relationships
c) Market analysis
Example:
A Business Analyst might compare a company’s sales, profit, and market share.
Area Chart
Area charts are almost similar to line charts but fill the area under the line, highlighting magnitude over time.
Best for:
a) Showing cumulative totals
b) Comparing multiple trends
c) Emphasising volume
Example:
A gym chain might use an area chart to track new memberships, cancellations, and net active members across months. This provides insights into both growth and retention performance.
Radar Chart
Radar charts (spider charts) plot values on multiple axes starting from the same centre point.
Best for:
a) Performance analysis
b) Skill comparison
c) Multi-dimensional data
Example:
An HR Manager might use a radar chart to compare employee skill ratings.
Combo Chart
Definition:
Combo charts combine two chart types (e.g., column and line) to compare datasets with different scales.
Best for:
a) Comparing two variables
b) Showing values and trends
c) Dual-axis analysis
Example:
A company might show revenue as columns and profit margin as a line on the same chart.
Histogram
Histograms group data into bins (ranges) to show frequency distribution.
Best for:
a) Analysing distributions
b) Showing data spread
c) Statistical insights
Example:
A teacher might use a histogram to show the distribution of student exam scores.
Waterfall Chart
Waterfall charts show how an initial value increases or decreases through a series of steps to reach a final total.
Best for:
a) Financial breakdowns
b) Showing cumulative impact
c) Explaining step-by-step changes
Example:
A finance team might use a Waterfall chart to explain how revenue turns into net profit after costs and taxes.
RANREV INFOTECH