`pareto-diagram` Related Article Results

Pareto chart (Pareto diagram) is a bar graph in which data are ordered by their relative importance. The lengths of the bars represent the frequency or cost of each problem or cause and are arranged in descending order with the longest bar on the left. Above the bars a curve indicates the cumulative percentage of these values. History Developed in the 20th century within the framework of Vilfredo Pareto’s “vital few – trivial many” principle, the Pareto chart emerged from Pareto’s 1906 observati