Tag Archives: Charts

How to create Custom Data Labels in Excel Charts

I received a query from a customer about dynamic data labels for charts. Instead of replying directly, I thought of writing this article. This will help all of you in refining your charts. The idea is to create a chart which explains the fluctuations using text based explanations. The best part is, the explanation can be a part of the data itself.
Watch the two minute video and read details below. This works with Excel 2013 onwards. I have also included the solution for older versions, which is not as elegant, but it works.

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Quality Management 5: Pareto Chart

Pareto chart is used to analyze important factors and prioritize action items. It is a combination of bar and line chart. Bar chart shows the data in descending order of importance and line chart shows cumulative percentage. It is popularly known as the 80:20 rule. We will see three ways of creating this chart using Excel.

Pareto chart Quality Management

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Quality Management 4: Histogram (any version of Excel)

Histogram is used to visualize the frequency with which data occurs. This is a good way of understanding data more than just sum and average. It is a good idea to look at each data set you get as a histogram. Here is how you do it in Excel.

Quality Management: Histogram in Excel

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