A common part of Pareto analysis is to graphically depict the occurrence of each variable being tracked. This depiction is called a Pareto chart. As a decision-making technique, Pareto analysis ...

The Pareto Principle, also known as the 80-20 rule, is a powerful concept that can transform your approach to data analysis. This principle states that roughly 80% of effects come from 20% of causes.

Excel 2016’s many new features include six new chart types. We’ll go over Histogram, Pareto, and Waterfall and talk about how they could be used with your data. We covered Treemap, Sunburst ...

While the 80/20 split is true for Pareto’s observation, it’s not necessarily always true. It is based on anecdotal evidence rather than scientific analysis. For instance, 20% of a workforce ...