Here in this video tutorial we have discussed in detailed steps, how to create a Speedometer chart in MS Excel. A Speedometer chart is often called as a gauge chart and combines two different type of charts, a pie chart and a doughnut chart.
The Speedometer dial is made with the help of using a Doughnut chart and needle is actually a combination of two types of charts, another doughnut chart and a pie chart.
A speedometer chart or a gauge chart can be created in other data visualization software as well, like for instance in Tableau and is usually easier to create due to availability of better controls and features. It is due to the simplistic nature of these charts which is well adjusted to context of data and is a great use of space in a spreadsheet that charts like these are popular with non-data executives. Usually such non-data personnel do not want to dig deep into the contextual details like an analyst which is why these charts are great for using in a presentation where diverse departmental executives will be participating.
Gauge charts pack in a lot of horsepower and form a sort of ubiquitous symbol when it comes to understanding business metrics from an analytical point of view. So, learn to create these charts with our simple tutorial and for more such interesting lessons on data analysis software, join us every day as we share technical posts based on data on a regular basis.
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