Charts in Excel 2016
Create a Box and Whisker Chart With Excel 2016
Box and Whisker Charts are one of the many new Charts available only in Excel 2016 and were originally invented by John Tukey in 1977.
They show you the distribution of a data set, showing the median, quartiles, range and outliers.
The X in the box represents the Mean.
The Median divides the box into the interquartile range.
The box represents 50% of the data set, distributed between the 1st and 3rd quartiles.
For example, 25% of the data lie between the values of the 2nd Quartile box and the other 25% lie between the values of the 3rd Quartile box.
The lines extending vertically outside of the box (whiskers) show the outlier range outside of the upper and lower quartiles. So this is the lowest and highest data points within the data set.
Below is a Box and Whisker diagram explaining this:
Here is how the Box and Whisker chart looks inside Excel 2016:
In this example I show you how easy it is to insert a Box and Whisker Chart using Excel 2016.
STEP 1: Highlight your table and go to Insert > Recommended Charts
STEP 2: Select All Charts > Box and Whisker > OK
STEP 3: Now you have your Box and Whisker Chart.
STEP 4: You can further customize the look and feel of your Box and Whisker Chart, by going to Chart Tools > Design / Format
STEP 5: In our example, let us go to Chart Tools > Design and pick one of the alternate designs.
Now you have your beautiful looking Box and Whisker chart and you can quickly point out to your management where the outliers lie…
Create a Sunburst Chart With Excel 2016
Sunburst Charts are one of the many new Charts available only in Excel 2016.
They are very visual as it can easily show you hierarchical data, like having a table with different levels of categorization:
Each hierarchy is drawn by one ring in the sunburst chart. The innermost ring represents the top hierarchy, while the outermost ring represents the last hierarchy.
In this example I show you how easy it is to insert a Sunburst Chart using Excel 2016.
STEP 1: Highlight your table and go to Insert > Recommended Charts
STEP 2: Select All Charts > Sunburst > OK
STEP 3: Now you have your Sunburst Chart.
STEP 4: You can further customize the look and feel of your Sunburst Chart, by going to Chart Tools > Design / Format
STEP 5: In our example, let us go to Chart Tools > Design and pick one of the alternate designs.
Now you have your beautiful looking Sunburst chart and you can quickly point out to your management where the biggest slice of the pie would be on…
Create a Waterfall Chart With Excel 2016
Waterfall Charts are one of the many new Charts available only in Excel 2016.
They are very popular in the current corporate environment as they graphically show the positive and negative movements within your Monthly Net Profit or Cash Flow.
When I was working at General Electric, I had to create these charts on a monthly basis using formulas….ouch!
Waterfall Charts are very useful in that they show how the initial value e.g. January Income, is affected by a series of positive and negative expenses.
In this example I show you how easy it is to insert a Waterfall Chart using Excel 2016.
STEP 1: Enter the values in your workbook with the Starting Total e.g. January Income.
Then add the positive and negative values, like direct & indirect expenses.
Finally enter the Ending Total e.g. February Income, which will Sum all of the above values.
STEP 2: Highlight all the data and go to Insert > Recommended Charts
STEP 3: Select All Charts > Waterfall > OK
STEP 4: Double Click on the Starting Totals column (e.g. January Income) and this will bring up the Format Data Point dialogue box.
“Check” the Set as Total box
NB: This will set this column’s value so it starts on the horizontal axis at zero and will not “float”
STEP 5: Now select the Ending Total with your mouse and once again, “Check” the Set as Total box
Now you have your beautiful looking Waterfall chart and you can quickly point out to your management where the variances have occurred…
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