How to create a waterfall chart in Tableau in less than 10 steps?
This tutorial will help you understand how to create a waterfall chart in Tableau. If you want the Tableau file and Excel data of this example, just message me on LinkedIn!
But firs, let’s start by quickly explaining what is a waterfall chart, what is Tableau and some of its use cases for finance professionals.
What is a waterfall chart and why Finance professionals like it?
A waterfall chart is a type of chart that is used to visualize how a certain value changes over time, where each change is represented as a step or a “waterfall” in the chart.
Waterfall charts are often used in finance to show the breakdown of changes in the value of an investment or a portfolio over time, such as the changes in the value of a stock or a bond, or the changes in the value of a sales forecast by category or business unit.
Finance professionals like waterfall charts because they provide a clear and intuitive way to visualize changes in the value of an investment or a financial forecast, which can be helpful for making data driven decisions.
What is Tableau?
Tableau is a powerful data storytelling and visualization tool that can be used in…
