How to interpret graphs and charts boils down to basic analytical skills and the nature of the visualization.The latter is what this blog will focus on.Source:chartexpo.comWhy? For a chart to complement a compelling data story, it has to be simple, relevant, and clear. So the nature of...
instruments are priced is crucial for anyone diving into this market. Options derive their value from an underlying asset, typically a stock, and their price, known as the premium, is influenced by factors ranging from the present share price to the time left until expiration of the option. ...
Let’s have some examples to understand the visualization of ranking data.How to Visualize Ranking Data in Excel?Example #1: Sequence Chart (Ordered Squares Chart)If you are not into using simple bar charts then the Ordered Squares Chart is the best option to present your data based on the ...
Step 3:To get a clear picture of your survey data, visit Survey Stats. This provides you with a range of data regarding the performance of your surveys. Right from the number of people who took the survey to the average score, stats reveal everything. The best part is that you can sor...
Such initial analysis lays the groundwork for more advanced statistical methods, empowering analysts and decision-makers to better understand the dataset.Moreover, descriptive statistics enhance data visualization, allowing data scientists and business analysts to create intuitive charts, graphs, and dash...
It helps in understanding and predicting trends over historical data. Line charts are simple, easy to make and understand, at the same time very informative. Line charts can be optimized in such a way that they can represent even minor changes that is not possible in other charts. It also ...
It is fairly easy to create a basic HR dashboard in Excel. You can use a pre-created HR dashboard template directly in Excel or create tables and charts with the relevant HR data yourself. Benefits and drawbacks The biggest benefit of using Excel for your HR dashboard is the fact that ...
❌ Difficult to scale: Spreadsheets quickly become unwieldy with large datasets. Also, there’s no report automation with sheets — you need to manually set up every report. ❌ Static visualization: You get only basic charts and graphs with zero interactivity. Data integration + visualization...
Arrange:If there are multiple pivot charts and they are overlapping on one another on these options. Bring Forward Select the chart you want to bring in front. Click on Bring Forward option to bring the chart one step forward. Bring To Front:This option will bring your chart above all the...
Either way, the manager now knows which issue he has to find a solution for (e.g. he will move the store to a new location). 4. Predictive Analysis Predictive analysis is the technique used for seeing what’s most likely to happen in the future, based on historical data from previous...