A decision tree can help you make tough choices between different paths and outcomes, but only if you evaluate the model correctly. Decision trees are graphic models of possible decisions and all ...

Business owners have to make decisions every day on issues fraught with uncertainty. Information is not perfect, and the best choice is not always clear. One way to handle these vague situations is to ...

Decision tree analysis is a method of constructing a decision tree, which is a detailed representation of numerous potential solutions that can be utilized to address a specific problem to choose the ...

In last month’s article, we touched on the importance of probability in our daily lives. We shared brain teasers and non-intuitive facts that highlighted how an understanding of probability can help ...

This paper describes an improved method for investment decision making. The method, which is called the stochastic decision tree method, is particularly applicable to investments characterized by high ...

Quality forecasts and evaluations depend upon well-designed project and portfolio models that are based upon clear decision policy, sound professional judgments, and a good decision process. In this ...

https://doi.org/10.2307/2584215 • https://www.jstor.org/stable/2584215 Copy URL This paper presents an empirical comparison of three classification methods: neural ...

Decision trees — an approach to predicting whether patients develop resistance to antibiotics and tailored specifically to each institution — can aid clinicians in prescribing the drug or drug ...