They’re commonly used in finance and business analysis but can also be applied to other fields like project management, energy consumption, and personal finance. Waterfall charts are especially useful when you want to understand the cumulative impact of multiple factors on an initial value. For instance, you might notice that a business is gaining a lot of revenue through sales, but the expenses are also quite high, which could indicate an area for improvement. This will help you get a sense of how different factors contribute to the final outcome. When you look at a waterfall chart, focus on the overall pattern and trends. The chart consists of vertical bars connected by horizontal lines, which makes it easy to see the flow of the changes. To help illustrate this concept, imagine a horizontal axis representing different categories (like sales, refunds, and payouts) and a vertical axis representing the dollar amounts.
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