Briefly explain the following terms: 1. Data Series: 2. Category Name: 3. Value Axis: 4. Goal Seek:
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Step-by-step explanation:
Answer
a) Value Axis is a chart axis that displays scaled numeric values. They are normally computed based on the data displayed in the chart.
In a 3D chart, the z-axis is usually the value axis
b) Goal seek is a process of calculating a value by performing what-if analysis on a given set of values.
Goal seek determines input values needed to achieve a specific goal.
Goal seek I normally inbuilt into different kind of computer software programs like Microsoft Excel to find the correct input values when only the output I known.
c) Data series is a row or column of numbers that are entered in a worksheet and plotted in a chart. Example of data series include list of quarterly business profits.
Charts in office are always associated with an Excel-based worksheet
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