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Random article: Help Wanted Index
This index (HWI) provides the number of help-wanted advertisements for recent month. It embraces a certain number of the largest regional mass media. The index value is given in comparison with 1987, which is taken for basic year and which index is equal to “100”. While analyzing this index, classical moving averages are applied. If moving average tells about change in index direction, it also reveals change of the situation on the labor market. Besides, index conveys the information about regional economical development in the USA. The index value is published on the last Thursday of every month at 10:00 a.m EST, upon that, the market is barely touched by it.
According to official sources, the Pareto Principle was named after the economist and sociologist Vilfredo Pareto, who was born in Paris in 1848, but was Italian by nationality. From 1906, he began to notice certain economic patterns. For example, he noted that 80% of the land in Italy belonged to 20% of the population. Then, he formulated the principle, noting that 20% of the pods in his garden contained 80% of the peas. These and other regularities led to the fact that Vilfredo Pareto developed the “80/20 Rule”, which in general form looked as follows: 80% of the effects come from 20% of the causes.
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