If you are looking for the best tips on using Excel to create data visualizations, then here are some interesting data visualization examples. With these charts and graphs, you can find out the cause behind the changes in the financial markets or other economic conditions. Besides, they can also give you an insight into the progress of your company’s growth.
The first way to use data visualization is by charting the changes in data in a data visualizer. It includes vertical and horizontal lines to show the movement of stocks and the occurrence of news events. To add some colors and patterns, one can choose to use charting tools like bar graphs, pie charts, candlestick charts, etc. Another useful tool is the simple line graph that shows the distribution of stock prices over time. Besides, there is much graphics application software that can aid you in the creation of these data visualizations.
The second example of data visualization is the visual chart, which can be a bar chart, a pie chart, or a line graph. These can help you determine if there is any significant change in the current price of a stock. Or, one can use it to find out if the economy of the country is stable.
Another example of data visualization is the bar chart. It shows the flow of income and also the flow of money in the market. One can find out the causes behind the financial market fluctuation by using this chart. Besides, these are easily understandable because they are simple to understand.
If you are planning to produce this type of data visualization with Excel, you need to first create the data set for it. Then, you need to plot the data against the stock prices in the graph. Now, the graphical tools that can aid you, in this case, are bar charts, pie charts, and so on.
There are two types of data visualization in Excel that can help you understand the changes in the market. The first one is the histogram visualization, which illustrates the data with different colors and shapes. The second one is the heat map, which has the same setup as the histogram, but with the color changing depending on the index level.
As a result, it will be easy for you to find out if there is a change in the stock prices with the use of data visualization. They can also be used as an explanatory tool when reporting and analyzing the data. Therefore, these are some excellent examples of data visualization in Excel. These will help you in making better decisions about your organization’s growth and its future development.