Data Discovery QuickClip: Analyzing Retail Data with a Bar Chart
With Black Friday and Cyber Monday around the corner, I thought it was time for a review of the ubiquitous and versatile bar chart and how it’s the perfect visualization style for analyzing retail sales.
In this video, “Analyzing Retail Data with a Bar Chart,” I view sales over a 12-month period to discover which months have the highest revenue. To do this I used a color scale as well as a stacked bar.
I also show matrix chart capabilities and how it enables me to take this or any visualization and break it down by different values. For example, I could take rows or columns of the years and break up the visualization further (over the past six years). I also broke down differences between store sales and online sales – a must for the omni-channel retailer this holiday season.
For more info on the art of dashboard design and best practices in data visualization, sign up for this “how-to” webinar hosted by my colleague Peter O’Grady: From Good to Game-Changing: Effective Data Visualization and Dashboard Design.