There are many different types of line charts, each with its strengths and weaknesses. The most common line chart is the simple line chart, which plots points on a line and connects them. A simple line chart displays one or more lines that connect a series of data points. The data points are usually associated with straight lines but can also be combined with curves.
A simple line chart is a good choice for displaying changes over time, as it makes it easy to see how the data point changes over time. Line charts and line graphs are essential business tools, whether you have an online MS Business Analytics degree or you work in data science.
With data visualization tools, it's easier to take a data point and represent it on a given chart type. When you're learning more about line graphs and how to integrate this chart type into your data visualization best practices, it's helpful also to understand the different variants of a line chart. These variants can lead to different data visualization intervals and outcomes and affect how you interpret data points over a period of time. Here's what you need to know.
Different Kinds Of Line Charts
Stacked Line Charts
Stacked line charts (and stacked bar charts) are a way to plot multiple series of data points on the same chart. The data points are plotted on top of each other, seeing how each series contributes to the total. This basic type of chart is a helpful way to see data point progress over time and how it compares to other series.
Area Charts
Another type of line chart is the area chart. This type of chart is similar to the stacked line chart, but instead of just plotting points on a line, it fills in the area between the data points. This can help visualize how the data changes over time and is the graphical representation of data displayed as a collection of data points connected by lines.
The area between the lines is filled in with color or shading, typically to indicate the magnitude of the data points and the correlation. You can download data from a lot of groups when you use an area chart effectively. Track sales performance or show business owners interval scale presentations with different variables.
Compound Line Charts
A compound line chart is a chart that combines two or more lines into a single chart. This type of chart is useful for comparing different data sets or lines over time. The compound line chart is a variation of the line chart, which is a simple way to show how a variable changes over time. A line chart displays one or more lines that connect a series of data points. The data points are usually connected with straight lines but can also be connected with curves.
How Line charts benefit businesses?
Line charts are one of the most commonly used data visualizations in business. This is because they are simple to understand and can communicate a lot of information and business analytics in a small amount of space.
There are a few things to keep in mind when creating line charts in business:
-Make sure the scale of the axes is appropriate. The axes should be scaled so that the entire chart fits on one page and the most critical data is easy to see.
-Choose the correct type of line chart. There are a few different types of line charts, and each one is best suited for a different kind of data.
-Be careful with outliers. Outliers can distort the data and make it difficult to draw conclusions from a number of data points or cause you to miss important patterns.
-Make sure the data is accurate. Inaccurate data can produce misleading charts. A business analytic program can help you work with big data and an extensive range of values.
Working with variants of a line chart can empower your business. Representing different categories on a single chart can show correlations and overall trends. In addition, you can visualize a large number of data points in your chart series and develop continuous data analysis protocols that help your brand grow.
