The Pareto principle is best thought of as a rule of thumb, not a law of nature. The biggest takeaway the Pareto principle provides is the idea that m
The purpose of a Pareto diagram is to separate the significant aspects of a problem from the trivial ones. By graphically separating the aspects of a
For anyone new to the "80/20 rule for relationships," it's the theory that says, in a fairly healthy relationship you only get 80 percent of what you
Pareto distribution is a skewed, heavy-tailed distribution that is sometimes used to model that distribution of incomes. The basis of the distribution
Pareto Analysis is a statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall eff