by Alice Rooney | Jan 6, 2019 | Alice Rooney, The Data School
A Pareto Chart is a type of chart where individual values are represented by bars (in descending order) and the cumulative percentage of the total is represented by a line. Named after Vilfredo Pareto, who formulated the Pareto Principle (80/20 Rule), which states...
by Jonathon Cavalieri | Sep 6, 2018 | Client Project Week, Jonathon Cavalieri, The Data School
The 80/20 rule also known as the Pareto Principle states that approximately 80% of the effort comes from 20% of the causes. The name comes from the economist Vilfredo Pareto who showed that about 80% of the land in Italy was owned by 20% of the population. In data...
