Whiteboard: Pareto Analysis

[@icecold3758]

Here In 2020 & you’ve explained in 7min what my lecturer couldn’t in 3hours 🙏🏾Thank you

[@amarachi.a]

😭😭😭😂😂😂😂😂😂

[@barbieivy]

Wow this is 2024 and this is the best video ever made please don’t take this down ❤ I could understand this chart and you have explain this amazingly well 🙌🙌👏👏👏

[@sajilmakkar625]

Unmatched skill in explaining complex things. Thank you and keep up the good work.

[@Omnamobhagavatevaasudevaaya]

Excellent!!! I was looking for an actual explanation but only found self help videos on 80/20 rule. But this is what I was looking for. Thank you again.

[@yamin207eb]

Someone finally talked about Pareto sensibly. Thank mate

[@tiagosilvatavares3561]

Perfect explanation! Simplifying something with other materials tends to make it more complex is art!

[@puthurmerinfrancis]

Just with this one video I could know almost everything about a Pareto Chart...The best video tutorial ever...Thank you for the video...😊😊😊

[@POWERPOINTUNIVERSITYINC]

Thank you so much, It was very clear and up to the point. Now, I know what Pareto Analysis is clearly

[@lyzabethhadynedwards2482]

nice handwriting, thorough, well done!

[@husseinaboel-einein4974]

The simplest way to explain Pareto Analysis. Very helpful. THANK YOU!

[@gachikukamau3217]

A really clear & simple explanation of the analysis. Excellent delivery too. Thank you

[@sn7215]

i am blown away with the crisp explanation

[@kofieshun2877]

WOW! WOW!! WOW!!! THE BEST BY FAR!!!WHAT A PERFECT EXPLANATION!!!! I JUST LOVE IT.

[@yonosenada1773]

Best Pareto explanation n refresher in KZbin. Thank you.

[@tos3619]

Wow!!!! Thank you so much for a clear, succinct, and insightful tutorial on pareto charts! Thoroughly enjoyed this 👌👌

[@joy2pass]

Was studying this in a book and needed more explanation. This was fantastic and answered all of my basic questions. Thank you.

[@jaswantsootaga2529]

One of the best and easiest explanation I've heard.thanks

[@bnnm23]

Thank you so much, sir. Today first time I know how to look at the Pareto chart. Very well explained sir.

[@clementinemashiane5244]

Explained so thoroughly yet so effortlessly 🔥😭🔥

[@heatherpeterson8376]

Most informative video I have found on this topic! Very nicely presented! Thank you for helping me understand!

[@glorynguh1247]

Very straight to the point. Thanks for the video🙏

[@kevinhale4921]

Based on your explanation I feel like I could get up in front of my colleges and explain this nearly verbatim

[@raviashokiyer7238]

Great Explanation of Basics. Crystal Clear, Thanks a lot

[@ankitaace5]

Who's the teacher?? He is excellent in explaining it so systematically.

[@farahfttn]

This is the clearest explanation

[@Janellemarieadams678]

@VampireDucks, regarding your comment made a year ago, the reason why 80 percent of the data in this cause account for phenomenon is because as you said correctly: 2/5=.40 and when multiplied by 100 or number of frequencies is a 100 it would be 40, but in this example used, the Doctor says there were a total of 200 frequencies. Therefore, you would have to multiply 2/5 or .4 by 200 instead of 100 to get the correct percentage. This would come out to be 80 percent (.4 * 200).

[@omtoolika]

Such helpful clear explanation. Thank u so much Dr. Bob. 🙏

[@tehmiminator]

This was incredibly helpful; thank you for explaining it so thoroughly.

[@hraudit]

you successfully dealt with my stupidity about it. you are special

[@alejandroenriquecastellano9525]

Thanks fo this video! I learned and found what I was looking for.

[@Sticktuitiveness]

Wow, thank you for this explanation and perfect example. Very helpful!

[@vishakupusamy5803]

Really a good explanation... I really understand the Pareto Analysis.

[@mailarunk]

Great explanation of 80/20 rule, Very nice handwriting.

[@thinlai417]

still now 2022 your video is really helpful,thank you so so much

[@anncastaneda934]

Oh wow! He made this so easy to understand!! Thanks you!

[@amarendraajri6054]

This is the best video on KZbin on this topic! 😊

[@AngelaNeale]

AMAZING!!! Thank you. Makes so much more sense!

[@kensutherland9815]

Fantastic presentation. Colored my mind with regards to this subject. Thank you

[@MathLogic]

Good explanation overall, except one thing: talking about "80/20 split" reinforces common misconception that the rule refers to splitting dataset in 80/20 proportion, which is not true and would not be significant. Its not that 80+20=100. 80 refers to one thing (80% of results/effects/outputs etc) . 20 doesn't refer to remaining results - it refers to 20% causes/reasons/inputs - the most vital ones that cause that 80% of results. In video 80% of results come from 40% causes (2 out of 5), so its unfortunate to use it to explain 80/20 rule. It's so easy to fix by adding 5 more trivial causes. This often causes confusion for those trying to grasp the rule.

[@tolulopejayeoba2448]

Thank you for this simplified illustration.

[@m.raedallulu4166]

An interesting way to demonstrate a very useful subject. Thank you so much.

[@akankshabhardwaj2523]

Thank you so much for the video. It's so simple.

[@BelindaLikesThis]

This was very well done! Thank you!

[@nupurn5951]

Awesomely explained👏

[@czechlin]

Thank you, this is so helpful, the way you explained it is so easy to follow. Also, you’ve got a beautiful handwriting.

[@bungamatahariochre]

thankyou for the explanation and practical example. I think it will be better if you draw the cumulative line by sum up the percentage cumulative one by one, so the 80/20 can be seen from the graph accurately. (although we can see which bars are the 20 by calculating the cumulative percentage.) just my five cent

[@varunkailash6389]

What an explanation. Mind blowing sir. Thank you so much :)

[@CompletekTraining]

Why are the curved lines relevant/necessary if the percentages show the greater % of concerns? (eg. The 1st 2 bars...)?

[@roshanjacob5894]

Wonderfully explained! Thank You so much, seeking more to learn various concepts...... :)

[@michellev.r290]

Can the frequency be more or less than 200?

[@keepoo246810]

This is excellent. Thank you.

[@raghadmurshed7603]

I didn’t get how the red graph is made, any one can help me?

[@salinamaharjan4673]

he is much better than my professor

[@MrKhearastic]

best so far thank you

[@yamikakapitao2340]

Clear explanation and simple .Thanks. Keep it up !

[@jairopo]

best explanation. thank you sir!

[@kimconcepcion8548]

I am confused, why go though this whole process when the productivity problem could easily be answered by identifying the highest frequency of error?

[@RobWinchesterBoston]

"80/20" by itself implies a bias - its a good start BUT just a start. I think the "trivial few" is actually out of scope data to report (as one plot). Those are possibly more serious issues that might even be causing the larger issues. These are the issues that got caught (noticed, logged, reported, etc). Other than that it's a pretty cool description (I love hand drawn graphs for some reason as well)

[@oliviermanbode4788]

Well explained....clear explanation...Thanks

[@safwan096]

Really saved my semester

[@ranjan_v]

Thank you

[@kenan2950]

Very well explained!

[@GapBruno360]

Amazing explanation

[@vampireducks1622]

Hi. Does your chart not in fact show that the Pareto 80/20 does not hold for your data set? There are five causes of a phenomenon (med error) in your data and your chart show that the two most frequent of these account 80% of the phenomenon. In other words, two out of five, which is 40%, not 20%. That is, 40% (not 20%) of causes account for 80% of the phenomenon. The chart analysis may be useful, but it seems to me it doesn't establish the "Pareto Law" (or "Pareto Principle") in this case.

[@P47Healey]

I'm pretty sure that you are *technically* correct. This is not a mathematically sound example of the 80/20 rule. (Which would require a power law distribution over continuous data, rather than a histogram of categories) However, in terms of practical use this Pareto chart gets the job done. I feel that the 80/20 rule has come to mean "focus on the biggest impacts." Is that entirely accurate? No. Is it still a useful generalization? Yes.

[@leversandpulleys9274]

If I inverse the objective to find which error rarely occurs instead of which error often occurs - those iconic two terms will change into vital many, trivial few. And that means the majority of the subject serves my value better than the minority; which is the opposite of the grandiose function of Pareto Distribution

[@belhinaniibtissam4128]

From here we get the points of the curve or do we draw it randomly ? Bcz if it's random, the intersection with the 80% won't be precise as well..

[@martawells2671]

The best explanation!

[@noway4879]

Could this also be applied to economic wealth theories, let's say, why a small percentage of the world population owns most of the wealth on the planet? I ask this because Jordan Peterson used the Pareto distribution that way. However, im skeptical.

[@healthcarequality8204]

Very nicely explained

[@ponggaaa4854]

Thx so much! I have my adv. math hsc exam tomorrow and I never understood how these worked lol 😂😐😑

[@formula1982]

Cool explanation. Italian pizza is the part of trivial many being the reason of my fat belly.

[@deniz-gunay]

best explanation! thank you

[@NikhilSinghNeil]

are these data values ordinal or nominal??

[@soumyakdutta6249]

You saved me today.

[@georgejoseph7519]

Why can't we just add the first 2 percentages and then see that it's 81 percent ( 45+35) and so they are the most imp factors

[@AndradeLukas042]

We can. But it's a graph. The main purpose of graphs is to illustrate and visualize information. You could easily work with a table in this case.

[@georgejoseph7519]

@@AndradeLukas042 okay! Got your point 👍

[@alphavirginis260]

Excellent explanation. Thank you!

[@ragavainternationalstatist9370]

Thanks for ur clear presentation

[@damas6898]

Perfect description!

[@umairaqshaha4589]

I love ur hand writing

[@gahssanmehmood1982]

really very good and informative....

[@destruction1928]

He wrote trival instead of trivial.

[@biodunwilliams8752]

This was easy to understand

[@jamesmayura420]

good and very informative video, thank you :)

[@annhan777]

Thank you! Excellent explanation.

[@Luezoid]

A must see for students

[@TB-nh4dg]

Very good, thanks

[@curioustgeorge]

Vital few (80%) vs Trivial many (20%)

[@cyberthreatz]

Thank you ! very good explanation.

[@YourAnonymousGuy]

The video is very explicit but I still have a question. How do you draw the curvature? Based on what?

[@clairewaite6571]

You are adding up the %s in the chart - so it starts at just column 1, then is the sum of 1+2, then is 1+2+3, then is 1+2+3_4 (until you eventually reach 100%)

[@Janellemarieadams678]

Great job on the analysis!

[@saleemjaweed6810]

Wonderfully explained. Thank you :)

[@JourneymanVan]

Wow simple n informative

[@toituxu749]

thanks so much, now I understand

[@UnpopularOpinionzzz]

You got a doctor's handwriting

[@ashokvelusamy3294]

Clear Explanation.. Thanks...

[@hamzaqureshi4306]

sir how did you calculate the percentage

[@ruioliveira4149]

90/200

[@driving8389]

Pareto was looking at real estate in Italy and at the peas in his garden.

[@naayou99]

Isn't obvious from the beginning that wrong time and wrong med are the leading causes?

[@valq1]

Thank you!!!!! VERY INFORMATIVE!

[@benitoscamelos5630]

The new Paretto principle is 99/1 1% owns most of the wealth