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Alfred Pareto was an Italian economist who developed the concept of the "vital few" and "useful many". A Pareto analysis is used to rank and classify data from most important on the left to least important on the right. It shows that roughly 20% of causes are responsible for 80% of the effects or outcomes. The method involves listing causes, arranging them by importance, calculating their cumulative percentage, and graphing the results to identify the vital few causes. Cause and effect diagrams can also be

Author

Xafar Ejaz

Language

EN