5 Ways To Take Your Line Chart To Next Level With Graphina Pro | Iqonic Design
Data visualisation is the backbone of any organization — irrespective of size and scale of operation. From market surveys for a product to sales statistics, entrepreneurs and decision-makers rely heavily on data to make a well-informed and data-backed future action plan.
As so much information is available at our fingertips, organizing the data in an analyzable and actionable way makes all the difference and that’s when Line charts come in front. Of all other data visualisation line charts is one of the simplest yet highly significant forms of data visualisation for decision-makers.
Graphina Pro — Elementor Dynamic Charts Graphs and Datatables plugin is a brilliant way of getting along with the latest data visualisation business trend. With all the business-related charts and graphs, the best data visualization WordPress plugin ensures you stay ahead of representing data in the most aesthetically appealing way.
A line chart is used in business analytics and sales and performance metrics reporting. The structure of the line chart is basically simple.
Consisting of two variables plotted along the axes with the adjacent points joined by line segments, line charts are a great way of graphically representing data. Line charts are widely popular to show time series on the x-axis, this type of chart is simple to understand and use.
Understanding Line Chart In Business
There are variations in Line charts and you can use variations to optimize your data visualization in an optimal way. The variations on the line graph include charts in time series — by joining line charts of historic data with ranges of future projections.
This kind of variation is used in forecasting sales and demand for the product/service. There is another common variation to line charts — plotting the linear regression or in simpler terms — the trend line between the two variables; superimposing it on the line graph to find the current trend.
The slope or skewness of the line chart shows the rate of change at that particular point and highlights areas of discontinuity or irregular change between two variables.
This usually happens when a sales trend is being plotted on the line graph and the irregular changes in sales could possibly mean that the promotional campaign you ran worked and increased the sales.
Types Of Line Charts In Business
There are different types of Line charts business uses depending on the industry and datasets they have. The Line chart is one of the simplest and most commonly used formats of data visualization for years, we show you different types of line charts you can add to your web pages using Graphina — Elementor Dynamic Charts Graphs and Datatable plugin.
Simple Line chart
The most recognizable Line chart comes with ease of readability. Showing trends over a period of time or showing progress or change in different categories, Line charts work best when your data set is continuous rather than short-termed.
Line charts with Markers
Line charts can be made more powerful and efficient with Markers. Using the Markers in the Line chart will highlight data points from the dataset you’ve used in the chart. Graphina Pro — Elementor Dynamic Charts Graphs and Datatables also allow users to customize the Markers.
Stacked Line chart
Stacked Line charts are perfect for considering cumulative Sales data of various segments. This type of line chart comes with multiple lines of the data points but will not overlap as they will be cumulative at each point.
