Decision trees ISBD 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)
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