Difference between revisions of "LongTailEconomy"
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(Created page with "= Long Tail = A Long Tail is a logarithmic distribution of values which is common for quite a few use cases. Typically a small number of cases supplies a large portion of data...") |
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The Long Tail and Pareto Rule are graphically presentable as x/y plots and/or histogramms. | The Long Tail and Pareto Rule are graphically presentable as x/y plots and/or histogramms. | ||
| − | The | + | The area under the curve or in the histogramm columns allows for visual analysis of a situation. |
Revision as of 11:25, 22 October 2024
Long Tail
A Long Tail is a logarithmic distribution of values which is common for quite a few use cases. Typically a small number of cases supplies a large portion of data/values or other input and a lot of cases supply only small portion
Pareto Rule
The Pareto (80/20) Rule exemplifies relates the Long Tail concept to economic behavior by stating that in typical business scenarios 4/5 of the value are created by 1/5 of the deals.
Graphical presentation
The Long Tail and Pareto Rule are graphically presentable as x/y plots and/or histogramms. The area under the curve or in the histogramm columns allows for visual analysis of a situation.