Pareto Plots

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The Pareto plot combines a histogram plot and an ascending cumulative plot . A Pareto plot of simulation data can be produced in ModelRisk by selecting the variable in the Simulation Results window and clicking:

image1305.gif  

The figure below shows a typical plot:

image353.jpg

The left-hand vertical axis relates to the histogram plot, the right-hand vertical axis refers to the cumulative plot.

More than one output can be shown together in the same plot, in which case the histogram and cumulative components of the same output are color coordinated.  

image354.jpg
 

It will generally be easier to read such a graph if the slider bars are switched off by clicking:
 

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Graphing controls

image1282.gif allows you to copy the graph as a bitmap image

image1283.gif to print the graph

image1281.gif to zoom in on part of the graph

image1284.gif to change the horizontal axis range

image1285.gif to change between line and bar plots

image1286.gif to switch sliders on/off

image1287.gif to define the position of sliders

image1288.gif to plot together the same variable for multiple simulation runs

image1289.gif to turn the legend on/off

image1290.gif opens a comprehensive   dialog to edit the graph

Note: The most common mistake in interpreting a histogram is to read off the y-scale value as the probability of the x-value occurring. In fact, the probability of any x-value, given the output is continuous (and most are), is infinitely small. If the model’s output is discrete, the histogram will show the probability of each allowable x-value, providing the class width is less than or equal to the distance between each allowable x-value.