Excel pie charts are useful to display fractions of a whole by splitting a circle into
sections. Each section looks like a slice of a pie and represents a category. Such
a layout makes it easy to observe relationships between parts, but the smaller becomes
the slice (less than 10%) – the harder becomes to estimate it visually.
Pie and bar charts greatly simplify the understanding of percentages distribution for
one categorical variable but fail to build a meaningful representation of two and more
variables. A quite recent innovation in data visualization real is the Mosaic plot,
which helps to grasp the correlations within marketing, sales, and other financial data.
You will not find this chart among Excel standard charts, but you can build one.
The distribution of market shares or stocks of the investment portfolio often is illustrated
by pie or doughnut charts. The illustration of multi-market shares and multiple investment
portfolios calls for different approaches. The Marimekko chart (also known as
Mekko chart, or mosaic plot) comes to the rescue.
A Heatmap or Heat Map chart looks like a table, which cells colors
depend on the cell value. These charts are popular in biology, web and other analytics,
geography, etc. Tabular data transformation for time series data projects one-dimensional
data into two-dimensional time matrices, which simplify frequent pattern analysis.
A histogram chart visualizes the distribution of continuous data. Each column
in the histogram chart represents the frequency (amount) of the data within the