What is the purpose of a Velocity Chart in Agile Development?

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What is the purpose of a Velocity Chart in Agile Development?

The purpose of a Velocity Chart in Agile Development is to track and measure the amount of work completed by a team in each iteration or sprint. It helps the team to understand their productivity and capacity, and enables them to forecast and plan future iterations more accurately. The chart displays the team's velocity, which is the average amount of work completed in each iteration, and allows for better visibility and transparency in the project progress.