Ads 468x60px

Tuesday, July 17, 2012

Thermo-meter chart with Marker for Last Year Value

Thermo-meter chart with Marker for Last Year Value:
During a recent training program, one of the students asked,
Thermo-meter charts are very good to show how actual value compares with target (or budget). But how can we add another point for say Last Year value to the chart with out cluttering it.
Something like this:
Thermo-meter chart with Marker for Last Year Value
Sounds interesting? Read on.

Step 1: Create a bar chart from your data

Assuming you have data like this,
data for thermo-meter chart in excel
Select and create a bar chart from it. We need 3 bars (in different colors). If needed, use the Switch Rows / Columns  button from Chart > Design ribbon. Once done, you should have something like this:
Thermo-meter chart with last year marker - step 1

Step 2: Add Error bar to Last year series

Select the last year series & Add % error bar. Now, select the error bar and press CTRL+1 to format it.
  1. Set error percentage to 1% (for smaller chart sizes, you need 2 or 3%)
  2. Remove error bar caps.
  3. Go to line style and set begin style as a dot
adding error bar and customizing it - step 2
At this stage, your chart should look like this:

thermo-meter chart after step 2

Step 3: Overlap series & Remove fill colors

This is easy. Select any series and press CTRL+1 to format it. Set series overlap to 100%.
Then select last year series and set its fill color to none.
Select Target series & set fill color to none.
Set outline to the same color as actual series and make line thickness as 1 pt.

Step 4: Clean-up

Finally, remove legend, grid lines, axes and re-size the chart.
Congratulations! you have just made a custom thermo-meter chart.

Download thermo-meter chart template

Click here to download the workbook & play with it. Examine how the chart is made and see what additional customizations can be made.

Do you use Thermo-meter charts to compare actual with targets?

I think thermo-meter charts are the easiest way to compare actual with target. I use them often in my dashboards & reports.
What about you? what kind of charts do you use to compare actual with target (or budget) values? Please share your techniques and ideas using comments. Go!

Compare Actual with Target values? Check out these

Please see these articles to learn how to compare actual with target values.

0 comments:

Post a Comment