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paretear

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What does paretear mean?

1 published definition

paretear

To apply the Pareto principle (the 80/20 rule) to a population or dataset. It involves dividing data into 80-20 percent groups to focus 20 percent of effort or cost on fixing 80 percent of the problems.

20 percent of the city population holding 80 percent of the income, 80 percent of a fleet's fuel consumption, 80 percent of a plant's production cost, or the 20 percent of employees who perform 80 percent of the productive tasks.

Automatically translated from Spanish

Méxicoby Anónimo

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