DECISION TREE

Feb 3rd, 2012
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Explain the parts of a decision tree. The decision tree has three main parts, the root node, the leaf nodes and the branches What are some benefits of using decision trees? The benefits of Decision tree includes, the impact of possible future decisions, impact of the uncertainty on confidence, impact of varying commitment of payoff, the e other benefit is sequencing and interrelations of task and events and also the measurement of risk. In what ways can decision trees be used for business decisions? Name some real-world examples

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