Pareto Analysis, Electrical Engineering

Pareto Analysis

Pareto charts are based on the principle - "Vital Few Trivial Many". It allows user to focus attention on a few significant factors in a process. It is very useful because it identifies those factors that have the greatest cumulative effect on the system. Pareto chart is created through plotting the cumulative frequencies of the relative frequency data (event count data) within descending order.

794_Pareto Analysis.png

Figure: Pareto Chart

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