Waterfall charts, also known as bridge charts, are a distinctive type of data visualization used to showcase how an initial value is affected by a series of intermediate positive or negative values. Essentially, they provide a detailed breakdown of cumulative impact, making them ideal for financial analysis, inventory changes, or explaining the transition between two points.
Accurate comprehension and application of this tool can revolutionize how you analyze data and communicate it with others. Below, we will delve into the process, so keep reading.