Friday, October 03, 2025
Analytics Education STEM

Why Pareto? Using 80/20 rule in the real-world.

The Pareto principle states that about 80% of the effects come from 20% of the causes in many real-world events. You can use this to, say, identify 80% of your best-selling categories, or conversely the worst performing categories/items. The uses are limitless, really. And they don’t have to be only about $$$. Graphically, it’s a […]

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