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Decision trees ISBD
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Decision making is structured in the form of a tree. Decision, ... Decision is made upon expected profit. Several tools, e.g. Precision tree (palisade.com) ... – PowerPoint PPT presentation
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Title: Decision trees ISBD
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Decision treesISBD
Dr Mojca Indihar temberger, Associate
Professor Faculty of Economics, 2009
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Decision trees
- When we have uncertainty
- We evaluate probabilities based on experience
- Decision making is structured in the form of a
tree - Decision, probability, end nodes
- Decision is made upon expected profit
- Several tools, e.g. Precision tree (palisade.com)
