Charts in Excel
Charts in Excel
The hard part is getting your mind around which types of chart to use in which situation.
Excel has 11 major chart types with variations on each type.
For most business dashboards and reports, you will only need a handful of the chart types
available in Excel, including the following:
Line Chart: The line chart is one of the most frequently used chart types, typically
used to show trends over a period of time.
If you need to chart changes over time, consider using a line chart.
Column Chart: Column charts are typically used to compare several items in a
specific range of values.
Column charts are ideal if you need to compare a single category of data between
individual sub-items, such as, for example, when comparing revenue between regions.
Clustered Column Chart: A clustered column chart can be used if you need to
compare multiple categories of data within individual sub-items as well as between
sub-items.
For instance, you can use a clustered column chart to compare revenue for each year
within each region, as well as between regions.
Stacked Column Chart: A stacked column chart allows you to compare items in a
specific range of values as well as show the relationship of the individual sub-items
with the whole.
For instance, a stacked column chart can show not only the overall revenue for each
year, but also the proportion of the total revenue made up by each region.
Pie Chart: Another frequently used chart is the old pie chart.
A pie chart represents the distribution or proportion of each data item over a total
value (represented by the overall pie).
A pie chart is most effective when plotting no more than three categories of data.
Bar Chart: Bar charts are typically used to compare several categories of data.
Bar charts are ideal for visualizing the distribution or proportion of data items when
there are more than three categories.
For instance a bar chart could be used to compare the overall revenue distribution for
a given set of products.
Area Chart: Area charts are ideal for clearly illustrating the magnitude of change
between two or more data points.
For example, you can give your audience a visual feel for the degree of variance
between the high and low price for each month.
XY Scatter Plot Chart: Scatter charts in Excel (also known as XY scatter plot
charts) are excellent for showing correlations between two sets of values.
For example an XY scatter plot can be used to illustrate the correlation between
employee performance and competency, demonstrating that employee performance
rises as competency improves.
The x and y axes work together to represent data plots on the chart based on the
intersection of x values and y values.