Charts are often expected to present the current state and projection of future events. Nobody reliably knows what will happen in the future, but by approximating past data, it is possible to identify trends. Trend, by definition, represents the general direction of development or change. Excel sets trends and displays them using the trend line by application of various mathematical functions.
Each chart consists of more elements that determine its appearance. This is, first of all, the way data are shown within a group (Data Series) or a single series (Data Point). Depending on the type of data, different charts are being used: Column, Bar, Line, Surface, Pie … Accordingly, the elements of such charts are: title, legend, axes, background … By adding or removing elements we ‘re getting the more effective report.
Charts can be based on one or more data sets. More series are used when we want to show business results by quarter or over a few years. When making such charts, it is important to pay attention to the subtype as it determines their appearance. That is, we should choose whether to make a Stacked or Clustered chart. Also, during work with such charts, users may need to add, edit or delete series of data…
It’s not too difficult to create a chart, but you need to choose the type that best reflects our data. Excel has a multitude of charts, and every one of them suits best certain types of data. In the text that follows you will meet most commonly used charts, with suggestions on how to choose the right one that will meet your needs.
The picture says more than 1000 words! Charts are an indispensable part of Excel reports with the goal of graphically displaying data and highlighting business trends. Recently, Excel knows that and, based on the given data, it proposes several types of reports that reflects them in the best way. Also, a user in the All Charts group can see all the offered report types and some of them use to create a new or modify an existing chart.