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Waterfall charts help you see how numbers change over time. Imagine watching water flow down steps – each step shows a change in your data. This chart is great for showing how each change, big or small, positive or negative, adds up to your final number. It's like tracking each step's impact, whether over different times or different types.

What's Inside:
A detailed explanation of when and how to use waterfall charts effectively.
Insight into the limitations of waterfall charts for certain data types.

Key Highlights:
▪️ Waterfall Charts Usage: Ideal for visualizing changes in data, especially in finance.
▪️ When Not to Use: Ineffective for part-to-whole relationships like project cost breakdowns.
▪️ Alternatives to Pie Charts: Discusses why waterfall charts can be a better option than pie charts for certain data.
▪️ Ideal Scenarios for Waterfall Charts: Best used for showing changes over time or within the same period, like annual earnings changes or sales to net income transitions.
▪️ Visual Storytelling: Emphasis on the role of connectors in waterfall charts for grouping data and enhancing the story.

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Where the waterfall is not so effective is when you have parts-to-whole relationships. (see this video for a better option: http://www.xelplus.com/use-this-instead-of-the-pie-chart/)

In this video you will see a few different Waterfall charts used in the real business world. Each of these Waterfall charts were created in Excel. You can create these in ANY version of Excel you have.

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