Despite the different visuals and charts in Excel, why use a histogram? What can you possibly gain from it?
Here are some advantages of a histogram:
1. Spot and track special trends
If you’re plotting a time-related data, a histogram can help you spot and track trends.
For example, you noticed that the complaints you received every month seem to have a pattern. So, you started tracking the number of complaints you receive over a 12-month period.
Plotting the distribution frequency of the complaints might reveal specific months when the number of complaints spike.
2. Checking Distribution Equality
Histograms are a great way to verify the equality of data points distribution.
From a glance, you’ll immediately see whether you had equal distribution or not.
3. Data Spread
Basically, the bars in a histogram represents the data points belonging to that range.
One look and you’ll know how the data is spread among the ranges.