Pareto Principle explained using Excel / 80 20 Rule in Excel

#pareto #80-20rule #paretochart Pareto principle invented by Vilfred Pareto is one of the important observations made and it is found to be true in many cases. Relationship between input and output can be explained easily in case of imbalance scenario using #paretoprinciple. It is also known as 80-20 rule. 80% of consequences are due to 20% of causes is simple way of mentioning Pareto principle. In this video we have explained about Pareto principle and also we have shown Pareto Chart and how to create Pareto Chart in #Excel within few minutes. 00:00 Intro 00:33 Pareto Principle 01:44 Pareto Observations 03:13 Pareto Chart 04:01 Creating Pareto Chart in Excel 07:50 Conclusion If you have any comments or questions please post it in comment section.