Pareto Chart: A bar graph used to rank in order of importance information such as causes or reasons for specific problems, so that measures for process improvement can be established.

 

Related Words

Pareto Chart: A bar graph used to rank in order of importance information such as causes or reasons for specific problems, so that measures for process improvement can be established.

Pareto Optimum: An economic theory by Vilfredo Pareto. It states that the optimum allocation of a society's resources will not happen whilst at least one person thinks he is better off and where others perc . . . View Full Definition

Patch Chart: Squared pattern test strip often made when color printing by the additive method.

Organization Chart: A chart showing the hierarchical interrelationships of positions within an organization.

Natural Chart: A chart with 0° Aries on the cusp of the first house that shows the natural horoscope position of signs. Also called a flat chart.

Nodal Chart: An equal house chart, which places the Moon's South Node at the Ascendant, used primarily by medical astrologers to diagnose health problems. In this context, the South Node and Ascendant re . . . View Full Definition

Point And Figure Chart: A price-only chart that takes into account only whole integer changes in price, i.e., a 2-point change. Point and figure charting disregards the element of time and is used solely to record . . . View Full Definition

Prognostic Chart: A chart of forecast predictions that may include pressure, fronts. precipitation, temperature, and other meteorological elements. Also known as a prog.

Tidal Current Charts: Charts on which tidal current data are depicted. Tidal Current Charts for a number of important waterways are published by the National Ocean Service. Each consists of a set of charts giving . . . View Full Definition

Vertical Line Charting: Dividing each expense item in the income statement of a given year by net sales to identify expense items that rise more quickly or more slowly than a change in sales.