This example illustrates methods for controlling the order of rows and columns in a comparative Pareto chart. The following statements create a data set named FAILURE7: proc format; value procfmt 1 = ...

The Pareto Principle, also known as the 80-20 rule, is a powerful concept that can transform your approach to data analysis. This principle states that roughly 80% of effects come from 20% of causes.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...