Pareto analysis |
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Definition
Use of Pareto principle in prioritizing or ranking a range of items which have different levels of significance. Its objective is to separate the 'vital few' from the 'useful many.'
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Pareto analysis is in the Quality Control & Management and Statistics, Mathematics, & Analysis subjects.
Pareto analysis appears in the definitions of the following terms: ABC analysis and ABC inventory classification
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http://www.businessdictionary.com/definition/Pareto-analysis.html







