What is 80-20 formula and pareto rule in qlikview?? ...please help me on this

[#1]

Hi,

Can anybody explain me the 80-20 rule and parreto rule...in simple method with example and how can we use it in charts...please let me know

thanks

[sasikanth]

Hi,

pleasego through the attachment

a simple pareto analysis and steps to develope

Thanks

Sasi

[Anonymous]

Hi ,

This technique helps to identify the top portion of causes that need to be addressed to resolve the majority of problems. Once the predominant causes are identified, then tools like theIshikawa diagram or Fish-bone Analysis can be used to identify the root causes of the problems. While it is common to refer to pareto as "80/20" rule, under the assumption that, in all situations, 20% of causes determine 80% of problems, this ratio is merely a convenient rule of thumb and is not nor should it be considered immutable law of nature.

The application of the Pareto analysis in risk management allows management to focus on those risks that have the most impact on the project

you can use it in dimension limit in qlikview for example if you want to show the countries population which are 80% of the world population.

[PrashantSangle]

Hi,

Please find below document written by Henric.

http://community.qlik.com/blogs/qlikviewdesignblog/2013/12/09/pareto-analysis

Regards

[#5]

Hi Sasi,

i cud not get any of the attachment here.pls let me know abt that.

Thanks,

Vasudha Mishra

[sasikanth]

sry

PFA