Difference between revisions of "Decision Trees"

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(Created page with "Decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility. A decis...")
 
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Decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance  event outcomes, resource costs, and utility. A decision tree combines the idea of a [[Probability tree|Probability tree]] with [[Expected value|Expected value]].
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Decision Trees
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A decision tree consists of 3 types of nodes:
 
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1. Decision nodes - commonly represented by squares
 
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2. Chance nodes - represented by circles
 
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3. End nodes - represented by triangles
 
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<html><img src = "/static/files/MBI/Module%204/decisiontree.png" width="600"/></html>
 
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Source: http://en.wikipedia.org/wiki/Decision_tree
 
 
[[Category:mbi]]
 
[[Category:mbi]]
  
 
[[Category:Term]]
 
[[Category:Term]]

Revision as of 19:18, 27 August 2020

Decision Trees

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