- Pareto distribution - Wikipedia
The Pareto principle or "80:20 rule" stating that 80% of outcomes are due to 20% of causes was named in honour of Pareto, but the concepts are distinct, and only Pareto distributions with shape value (α) of log 4 5 ≈ 1 16 precisely reflect it
- Pareto Distribution - GeeksforGeeks
Pareto distribution is a continuous probability distribution named after the Italian economist Vilfredo Pareto, who introduced the concept in 1897 while studying the distribution of wealth
- Understanding the Pareto Principle (The 80 20 Rule)
Originally, the Pareto Principle referred to the observation that 80% of Italy’s wealth belonged to only 20% of the population More generally, the Pareto Principle is the observation (not law) that most things in life are not distributed evenly
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