how to make a pie chart in excel for budget

Ordinal data is a lot like nominal data except that you can rank the different categories. Nominal data is usually categorized according to qualitative or descriptive information like place of birth, type of car owned, and more.

Data that you can classify into ordinal or nominal categories.Data that you can also present using a small table.Here are some examples of data that you can present using a pie chart: The pie is usually divided into wedges of different sizes, each representing a category’s contribution. What data can you represent on a pie chart template?Ī pie chart design is a circle-shaped graph used to show the relative contributions of different categories contributing to a whole. It’s a donut chart with several layers and rings that represent data hierarchies concentrically. The aim of the chart is also to illustrate proportions. This one is almost visually similar to a pie chart except that it has a blank space at its center, a donut used to contain another layer of data. This doesn’t apply to two bars in a bar chart. Pie charts can imply that a change in one wedge automatically changes another. What this chart lacks is the part-whole relationship that the pie chart advantageously has.

These charts are easier to understand or interpret when you need to compare categories or understand at changes over time.

Let us discuss briefly other charts to understand more about how the pie chart performs in comparison: Also, if a stock pie chart has too many slices, these slices in the pie chart would be a challenge to visually compare against each other unlike the heights of the bars in a bar graph. Some say that the parts of the pie chart template are a challenge to compare with other pie charts. How does a pie chart differ from other types of charts?

How to make a pie chart in excel for budget