Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Pareto charts are a simple and effective way of determining the root cause of whatever problems you’re facing. They adhere to Pareto’s principle where 80% of the reasons production stop can be ...

This example illustrates methods for controlling the order of rows and columns in a comparative Pareto chart. The following statements create a data set named FAILURE7: proc format; value procfmt 1 = ...

In many applications, you can quantify the priority or severity of a problem with a measure such as the cost of repair or the loss to the customer expressed in man-hours. This example shows how to ...