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Pareto analysis is a principle that helps to focus on the most important matters to obtain the maximum benefits. Pareto describes a phenomenon that a small number of high values contribute more to the total than a high number of low values. The main idea behind the Pareto analysis is to identify the ‘vital few’ from the ‘trivial many’. #ParetoAnalysis #ParetoAnalysisPoster | Pareto Analysis Poster |

Always wondered when to use Histogram or Bar Chart? Do they work in similar way or are they different? Checkout Two Minute Concepts from Robofied to know it all.

Pareto is a principle that helps to focus on the most important matters to obtain the maximum benefits. The Pareto principle states that roughly 80 percent of the results come from 20 percent of the efforts. And in the field of continuous improvement, it states that roughly 80 percent of the problems or effects comes from 20 percent of the causes. The exact percentages may vary in each situation. #ParetoAnalysis #ParetoAnalysis | Pareto Analysis Infographic |

Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean define "value?" Discover the difference between value and waste thro...

Mediana (estadística) - Wikipedia, la enciclopedia libre

Posts about book written by zoe yin

My takeaway from an article written by Nolan Haims Don’t Show Data. Show the MEANING of Your Data The goal of a chart or graph is simple: Don’t just show the data itself; show the MEANING of the da…

Data is powerful, but only if you can make use of it! Source: Stanford University Site #analytics #creativity #data #machinelearning #ai #organizingtips

10 Ways to Analyze Data for FP&A Professionals How to analyze data? This is a question that often arises. Analyzing data can be a tedious and time-consuming…