Pareto Analysis
- Publisher: APPSKOUSIKA SOTWARE DEVELOPERS (OPC) PRIVATE LIMITED
- Genre: Productivity
- Released: 7 Sep, 2011
- Size: 59.1 KB
- Price: $0.99
- App Store Info
Description
Pareto Analysis is a statistical technique in decision making that is used for selection of a limited number of tasks that produce significant overall effect. It uses the Pareto principle – the idea that by doing 20% of work, 80% of the advantage of doing the entire job can be generated. Or in terms of quality improvement, a large majority of problems (80%) are produced by a few key causes (20%).This App finds significant few(20% of causes) that causes majority of problems(80% of problems).This app can be used to find significant few portfolios that give maximum profit.