How can I display axis values as thousands, millions and billions instead of 10^3, 10^6 and 10^9?

Question

I would like to make the y-axis of my plot to show 16.000.000 as 16 million instead of 1.6 x 10 ^ 7. Does someone know a solution?

Neeta Dsouza · Accepted Answer

One suggestion:
 
y=1e6*(1:5);
plot(y/1e6);
ylabel('Million');

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