This is the third, and last part of the tip How to create a mosaic plot in Excel (the second part is How to create a step Area chart for the Mosaic plot in Excel). The step area chart created in the previous part has invalid labels for both axes and no data labels:
This is a second part of the tip How to create a mosaic plot in Excel. The first part describes how to prepare the data for the step Area chart created in this part.
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, sells, 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 specific range.
Excel 2016 offers several new pre-defined charts, including the histogram chart. This pre-defined chart makes possible to create different types of histogram charts with little effort.
There are several ways to create a histogram chart in Excel. By the moment, Excel uses two different algorithms to calculate the data for a histogram chart: