When using graphs and charts in Excel, you will realize that the two are very similar. But the truth is that the two are different things used in different cases. In most cases, graphs are used in numerical representations showing the relationship in terms of numbers. The difference showcases how one number is likely to affect the other.
On the flip side, charts are considered visual presentations with different categories that may or not relate to each other. Although graphs and charts seem to be similar, information is displayed differently across the two elements. Let’s dig down deep to analyze every aspect independently to get out the truth between a chart vs. graph.
Keep in mind that all graphs are types of charts, but not all charts are graphs. Even though this statement seems confusing, it sums up the entire thing. It brings out a clear difference between the two. Also, the concept between charts and graphs is to display information more crisply with visual representations that enable users to easily read and understand the concept behind the data.
Let’s clear up all the confusion and analyze one aspect after the other to ensure that the point is delivered home. Read on!
What is a Graph?
When you hear anything to do with graphs, always reflect on the raw data elements. The trend is closely related to the data findings. In other words, a graph is two-dimensional and shows the relationship between the data using a line located at the bottom and the other on the side. The line at the bottom is known as the x-axis, and the vertical line on the side is the y-axis.
To be precise, you can define a graph as a mathematical diagram used to display the relationship between two or more numbers or even measurements. It enables the user to get a clear picture of the data through a visual presentation. After drawing a clear picture, users can note any form of variables within the data and generate the final report.
What is a Chart?
A chart focuses on representing a comprehensive set of numbers that enables the reader to understand the data concept in a better manner. Also, using a graph allows you to make predictions using the existing data and forecast the future based on the available patterns in the present data.
A chart can be in the form of a diagram or a picture, depending on the nature of your data. You can easily transform your data into a beautiful picture that makes it easier to interpret the information. Apart from simplifying data, charts can also categorize the information into different formats. It gives you an extended grip on the data.
Charts are meant to represent a huge set of information into graphs that take different shapes depending on your needs. On the other hand, graphs identify the mathematical relationship between different data sets. This means that a graph belongs to the type of subgroup of charts.
Charts are primarily handy to use in circumstances where the data to be used is categorized into different groups. The data presented in a chart is divided into different categories such as age, region, and any other type depending on the nature of your data. Graphs are mostly intended to note the key patterns and trends in data sets.
Besides, charts can present any type of data into an appealing visual diagram that is easy to read and understand. A graph focuses on identifying any kind of available trend between the data plotted on the two axes. This results in a better insightful understanding of the data on the user’s intention.
Importance of Graphs and Charts
When dealing with any kind of business, the importance of graphs and charts can easily be drawn out. Using graphs and charts is a good way of ensuring that everybody understands the data you post within your business setting. After reading through the data, these elements make it extremely easy to master every point and draw a relatable conclusion.
In addition, businesses generate a lot of data that needs to be processed and displayed in a simple format. Graphs and charts are good for summing up different data elements and enhancing instant understanding. You don’t need any technical skills to understand data when displayed either on a graph or a chart.
In a business environment, graphs and charts play a significant role in creating presentations to ensure that everybody within the business setting gets the illustrations. They enable people to get a big picture of every element stated within the shortest time possible. Graphs and charts also present a logical order and easy interpretation of trends and relationships with data sets.
Insights using graphs and charts:
The insights generated by graphs and charts tend to be highly accurate and can be used in the decision-making process. Also, comparisons can be seen boldly within different data sets since everything comes out clearly during the data presentation. You don’t need to explain yourself to your target market since the displayed data is self-explanatory.
One of the significant importance of graphs and charts in everyday life is that it displays data in a visual vision that anyone can easily understand. It doesn’t matter whether the reader has a hand in the technical field or not; the data can be read and understood by anyone who has an interest in learning more about what has been presented.
When data is presented in a graph or a chart, it saves the reader’s time since it doesn’t take long before the reader gets a clear grip about what is being stated. It enhances the ability of the target audience to make a quick decision with a clear picture of what is likely to happen in the end.
Many people across the industries have heard challenges in differentiating between graphs and charts. This article has clearly outlined the significant differences existing between these two elements giving you a clear picture of the two.