![]() The chart is patterned after the famous Pareto Principle, which was then named after Vilfredo Pareto, an Italian economist. The chart also incorporates a line chart which represents the percentage of the total as a cumulative. A histogram can be characterized as a chart displaying columns that are sorted in a descending order, giving attention to the largest values. Pareto Charts are also known as a sorted type of histogram. One of the most useful is the Pareto Chart because it is properly represents data visually by displaying the largest quantities in a given set of data, including the most frequent terms. ![]() Microsoft Excel 2016 introduces a lot of new Charts for us to use in presentations.
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