In: Operations Management
Name any five of the eleven types of charts and give a clear, specific, real live example of when this function could be used in a real-life situation.
Column Chart: Column charts are typically used to compare several items in a specific range of values. Column charts are ideal if you need to compare a single category of data between individual sub-items.
For example, when comparing revenue between regions, a company uses column chart.
Clustered Column Chart: A clustered column chart can be used if you need to compare multiple categories of data within individual sub-items as well as between sub-items.
For instance, you can use a clustered column chart to compare revenue for each year within each region, as well as between regions.
Pie Chart: A pie chart represents the distribution or proportion of each data item over a total value (represented by the overall pie). A pie chart is most effective when plotting no more than three categories of data.
Area Chart: Area charts are ideal for clearly illustrating the magnitude of change between two or more data points.
For example, In meeting,area chart is used to give members a visual feel for the degree of variance between the high and low price for each month.
Combination Chart: A combination chart is a visualization that combines two or more chart types into a single chart. Combination charts are an ideal choice when you want to compare two categories of each individual sub-item.
For Example-Combination Chart is used to create visualizations that show the difference between targets versus actual results of the period or particular projects.