Chartpedia

A bullet chart is a type of bar chart that is used to compare a single value or performance measure to a target or a range of acceptable values. Bullet charts are often used to track key performance indicators (KPIs) in a compact, easy-to-read format.

A bullet chart typically consists of a horizontal bar that represents the performance measure, a vertical line that represents the target value, and a range of shading that represents the acceptable values. The performance measure is represented by the position of the bar on the chart, with the bar extending to the right if the performance is above the target and to the left if the performance is below the target.

The range of shading helps to provide context to the performance measure, by showing whether it falls within an acceptable range of values or not. The range of shading can be represented using a color code, with green indicating good performance, yellow indicating average performance, and red indicating poor performance.

Bullet charts are often used in business and finance, as well as in other industries, to track and monitor KPIs, such as sales, profit margins, customer satisfaction, and efficiency. They are particularly useful when a large amount of data needs to be visualized in a small amount of space, and when it's important to compare a single performance measure to a target or a range of acceptable values.