Excel 2016's many new features include six new chart types. Here we cover Histogram, Pareto, and Waterfall, which cover statistical, trend, and other relationships.

Pareto analysis states that 80% of a project’s results are due to 20% of the inputs, and 80% of problems can be traced to 20% of the causes.

Pareto analysis is a method by which you find the 80% of the problem caused by 20% of the people, or which customers provide most the revenue, or whatever.

Learn what a Pareto chart is, see a few examples of the Pareto Principle in action, read benefits of the Pareto charts and learn the eight steps involved in creating a Pareto chart.