Introduction: How to Create Pareto Chart in Microsoft Excel.
The Pareto principle states that, for many events, 80% of the effects come from 20% of the causes.In this Excel example, we will see 80% of hair fall frequencies increase with 20% of causes like genetics,deficiency of vitamins, stresses etc. Frequency of hair fall is represented along ordinate or Y-axis and cauases of hair fall are being represented along abscissa or X-axis and the principle is being established through graphical plotting.Check out the video to understand most lucid way of drafting a pareto chart in MS-Excel.
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