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In this tutorial, the presenter explains how to edit x-axis data labels in Excel 2016. The process differs from changing y-axis labels, particularly for time series. The example starts with a graph displaying y-axis data in a numerical format and an x-axis as a time series. To modify the x-axis labels, the presenter suggests creating an index (e.g., a running month index) to replace the default month, date, and year labels. To make the change, you highlight the x-axis and right-click to select data. This opens up options to edit legend entries, series names, x-values, and y-values, allowing for customization of the graph's x-axis labels.