Definitions for "Pareto"
Italian sociologist and economist whose theories influenced the development of fascism in Italy (1848-1923)
Pareto A concept, based on a theory that most issues are caused by only a few causes.
Pareto is a comune (municipality) in the Province of Alessandria in the Italian region Piedmont, located about 80 km southeast of Turin and about 50 km southwest of Alessandria. As of 31 December 2004, it had a population of 643 and an area of 41.0 km2.All demographics and other statistics: Italian statistical institute Istat.
The Pareto principle states that 80% of the impact of the problem will show up in 20% of the causes. (Originally stated: 80% of the wealth is owned by 20% of the people.) A bar chart that displays by frequency, in descending order, the most important defects. Proper use of this chart will have the cumulative percentage on a second y-axis (to the right of the chart). This chart-type is used to identify if the Pareto principle is evident in the data. If the Pareto principle is evident, about 20% of the categories on the far left will have about 80% of the impact on the problem.
a graph that ranks data classifications in descending order from left to right