#Plot diagram for the outsiders professional

The most significant property of the power distribution is a relatively slow decrease in the sequence, resulting in a significant вЂњmassвЂќ accumulation in the distribution вЂњtailвЂќ(2). As a rule, this is the result of a complex interconnection among several processes. There are different types of mechanisms leading to it. The origin of the power behavior remains an open science problem. These properties of the power and exponential distributions in the future are very useful for quick estimation. Similarly, for the power sequence (1), the linear representation is in double logarithmic (log-log) axes(1). Thus, for (2), one can see that, in the logarithmic scale, the exponential sequence would looks like a straight line. However, they are radically different in the logarithmic representation. The power-law sequence diagrammatic formulation is easy to visually confuse with any other rapidly growing (decreasing) sequence, for example, with the exponential law: One can see that = 1 corresponds to the above description, which makes ZipfвЂ™s law a special case of the power law distribution. Where C is a constant, is a distribution exponent. Generally, the power law distribution has the form: He revealed the same pattern in the distribution of word-use frequencies in different languages and suggested that it possesses a universal character. However, such a sequence is referred to as ZipfвЂ™s law by name of the American linguist George Zipf. If one assumes the biggest city in a fairly large state with a stable territory as 1, then the next city has the size of 1/2, with the following ones being 1/3, 1/4, etc. Starting with the work by the German physicist Felix Auerbach, one can observe an investigation into the sequence specific for the power distribution more definitely. Next, I refer to this Rule as 20/80, not to be confused with the Pareto law that has quite a different scientific content. In reality, the versatility and generality of this principle has a mythical character. Many years later, other researchers gave an image of a regularity to this observation that 20% of efforts bring 80% of result. One can only tell that, in the early 20-th century, when studying the distribution of personal income, he established that 20% of people accumulate 80% of the total income. Vilfredo Pareto himself has only indirect relation to the principle known as the Pareto Rule. Power Distribution, Pareto Law, and ZipfвЂ™s Law

#Plot diagram for the outsiders professional

Along with the express analysis methods, I address some advanced methods that allows one to improve the power distribution up to the level of a professional tool. This paper outlines the class of analytical and management tasks, for which using the power law method may be effective. The Power law, better known as the Pareto law, belongs to the category of widely known analysis methods used, probably, by one-tenth of its potential. This completely applies to management and decision-making tools. Where thereвЂ™s the end of his great Neckie, then there his Tailie goes on forth.ДЄ properly prepared tool is not only convenient to work with, but also saves effort while performing the task with a higher quality. Where is the end of his great Neckie and where his Tailie went on forth? Once I ran into Serpent вЂnormous and so a question quickly rose: Irkutsk National Research Technical University Professor, Chair of Economic Theory and Finance