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Pareto Analysis

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**Pareto Analysis**

What is Pareto Analysis?

Pareto analysis is a decision-making technique used for prioritizing tasks or issues by identifying those with the biggest impact. It's based on the Pareto principle (also known as the 80/20 rule), which states that roughly 80% of effects come from 20% of causes. In practice, this involves identifying and ranking the most significant factors contributing to a problem, allowing you to focus efforts on the areas that will yield the greatest improvement.

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