What Is a Waterfall Chart Used for in the Business World?
Graphically presenting data can be a challenging task, particularly when numeric values are involved. However, the business world has developed solutions like the waterfall chart to make these tasks manageable. What is a waterfall chart? Let's dive into the concept further.
Understanding the Concept of a Waterfall Chart
To understand why businesses utilize waterfall charts, we first need to grasp their basic idea. A waterfall chart, also known as a bridge chart, visually represents how an initial value is affected by a series of intermediate negative and positive values. It's a perfect choice when dealing with financial results because it shows how an initial value goes through changes and ends up in a final stage.
The name 'waterfall' comes from the chart's depiction, w...







