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.
Continue reading How to create Custom Data Labels in Excel Charts
When you have two columns of numeric data, Scatter chart helps you understand how they affect each other (jargon: correlation). Creating a scatter plot is easy. But interpretation can be misleading or even absurd. Let us explore how to create effective Scatter plots.
Continue reading Quality Management 6: Scatter Chart
Read Histogram and Pareto articles first. Excel Data Analysis tool can create a Pareto chart while creating a histogram. Small tweak but very useful.
Continue reading Quality Management 5: Histogram and Pareto
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.
Continue reading Quality Management 5: Pareto Chart
Well, the histogram articles don’t seem to be ending. I promise, this is the last one. With Excel 2016, a new chart type called Histogram was introduced. Now we don’t need either Data Analysis ToolPak or Pivot Table to create a histogram. Have a look.
Continue reading Quality Management 4: Histogram in Excel 2016
This is continuation of the previous article. In this article, we will see another way of creating Histogram using Pivot Table.
Continue reading Quality Management 4: Histogram using Pivot Table
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.
Continue reading Quality Management 4: Histogram (any version of Excel)