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Pareto Analysis
Hi there
I was working with Adobe Analytics Workspace and wanted to create a pareto analysis for a customer. The business question was, which top-products generate more than 80% of total revenue.
When I tried to build this Report, I used the advanced function "cumulative" for calculated metrics. But the result was not what I expected, because it summarizes the values of the revenue in a random order. Also there is no visualisation of the data that combines a line (for the cumulative % of total revenue) and a bar graph (for the revenue of each product) and actually perhaps also a manually settable line (see red lines in the picture), so the user can set the line for example at 80% and knows which products generate more than 80% of the revenue or to set the line after the first x products and sees then how many of the revenue these products generate.
There are also a lot of other questions that could be answered with a pareto analysis:
- which customers / browsers / regions generate 80% of revenue?
- which errors cause 80% of problems?
Thank you for considering this.
Marisa
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