What is a Scattered Chart?
A scattered chart is 2D graph representing relation between two or more variables. One variable is shown on X axis and another on Y.
Why Use Scatter Plot?
Use Scatter chart when you want to show relation between two or more variables. The scatter chart can help you learn impact of one variable on other variable. We can visually see the correlation between two or more factors of data gathered. We can add trendlines to estimate future values.
How To Create A Scatter Plot In Excel?
Here, I have prepared data of advertisement cost and sales in different months.
We need to see how add cost impacts the sales. To do we can do several analysis tasks but here we will just create scatter plot in excel.
To make scatter plot in excel, follow these steps.
And the chart is ready.
Add Axis Titles to Scatter Plot
This chart show sales in relation with advertisement cost. But wait a minute we can’t see axis labels. To add axis labels, follow these steps.
Now it is more readable. Now let’s add a trendline to this scatter plot.
Add Trendline in Scatter Chart?
To add trendline to graph, follow these steps.
We have our trendline added.
Make Scatter Chart Attractive
Now to make this chart little bit readable, format it. Excel provides some preset of designs. I am using one of them here.
Show The xy Equation on Chart
We can also see how sales is related to ad cost in algebraic form. To do so follow these steps:
Now you will see the regression equation on chart. In this case it Y=0.001x+19.279. This equation tells how much sales is dependent on ad cost. 0.001 is coefficient of x and 19.279 is intercept or slope of the equation.
You can change the intercept in scattered chart if you want. Above the Display equation on chart, you can see an option of Set Intercept. Check that to manually set intercept.
So this was a quick tutorial about how to plot scattered chart in excel. Scatter charts has other options too. You can use it to create deviation graphs, to show regression. Many more analytical visualization can be done. In this tutorial we created an xy scatter plot and in excel and learned how to make it more attractive. Let me know if you have any doubts about this tutorial or any other excel related query. The comments section is open for you.
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