A gauge chart is a great way to visualize how certain variable changes. To create a gauge chart, you will need first to create a data series that represents the variable you want to track. Then, you’ll want to create visuals that represent your dataset. Also known as a dial chart, a gauge chart commonly starts at zero and shows progress from that point. If you’re wondering how to use a gauge chart, you need to know.
Decide what you want to measure.
A gauge chart is a graphical representation of data. The data is plotted on a horizontal axis (usually time), and the vertical axis (usually some dataset of quantity) is displayed as a range of values. To create a gauge chart in Microsoft Excel, you will need to select the data you want to plot and then use the circular chart icon on the insert tab of the ribbon.
Draw the trendline.
A gauge chart is a graphical representation of data where the horizontal axis represents time, and the vertical axis represents the magnitude of some attribute. The gauge chart is divided into four sections: the uppermost section shows the maximum value, the section below that shows the current value, the following section shows the minimum value, and the bottom section shows the value range. The gauge chart is also called a speedometer chart.
First, select the data transformation series that you want to trendline to draw the trend line. Then, apply it with your selected data points in the target field.
Understand the gauge chart
A gauge chart doesn’t have traditional axes like many other charts. Instead, the dial chart starts at zero and often has an absolute upper limit. For instance, body mass index (BMI) charts are dial charts. Similarly, the speedometer in your vehicle is a radial gauge chart. While many interpret pie charts as gauge charts, pie charts are their visual tools with distinct applications and don’t always represent your format data series in the same way as a dial.
It’s also necessary that you understand a gauge chart is a suitable chart for big-picture visualization. For broad-stroke business intelligence, it’s a suitable tool to empower your data usage. However, if you need a more granular look at your data or explore different values in the same chart, you’ll want to examine a type of gauge chart alternative that supports your selected data range.
There are three types of gauge charts:
-Speedometer Gauge: The speedometer shows how fast or slow something is moving.
-Thermometer Gauge: This shows how hot or cold something is.
-Percentage Gauge: This shows how much of something is completed.
Choose the correct gauge chart.
Choosing the correct gauge chart is essential when trying to understand the progress of a project. Different gauges are used for different projects, so it is vital to select the right one. Here is a guide on how to use a gauge chart:
A gauge chart works well for anything representing a goal or a target. For example, you could use the underlying report to display profit versus budgeted goals or define how much work you’ve completed against the total volume of work.
Once you have identified the type of project, you need to find the corresponding gauge chart. Construction projects use a linear gauge chart, manufacturing projects use a circular gauge chart, and process control projects use a square gauge chart. The final step is to interpret the gauge chart. The horizontal axis represents time, and the vertical axis represents the project’s progress. The gauge chart will show the project’s current status and how it is progressing over time.