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Decision Tree

Decision trees are diagrams that show possible outcomes of decisions and their probabilities. They break down a decision into stages, with a chance or decision node at each stage. Chance nodes represent possible events outside one's control, while decision nodes represent choices. Solving a decision tree involves pruning suboptimal choices and calculating expected values at chance nodes to determine the best decision. Decision trees are useful because they present complex decisions simply, can handle decisions with little data, and their structure makes the relationships between decisions and events clear.

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581 views

Decision Tree

Decision trees are diagrams that show possible outcomes of decisions and their probabilities. They break down a decision into stages, with a chance or decision node at each stage. Chance nodes represent possible events outside one's control, while decision nodes represent choices. Solving a decision tree involves pruning suboptimal choices and calculating expected values at chance nodes to determine the best decision. Decision trees are useful because they present complex decisions simply, can handle decisions with little data, and their structure makes the relationships between decisions and events clear.

Uploaded by

sanjayindal
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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DECISION TREE

Decision Tree Approach and Hierarchy Process

Nikhil Pratap Sanjay Kumar

CONTENT
What is the decision tree? The example of decision tree The advantage of decision tree

WHAT IS THE DECISION TREE?

Decision tree is a 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 schematic tree-shaped diagram used to determine a course of action or show a statistical probability. Each branch of the decision tree represents a possible decision or occurrence.

DECISION TREE
Decision trees are a comprehensive tool for modeling all possible decision options. The structure allows users to take a problem with multiple possible solutions and display it in a simple, easy-to-understand format that shows the relationship between different events or decisions. Decision trees describe events in chronological order but can be much larger than influence diagrams.

DECISION TREES
Three

types of tree nodes

Decision nodes - represented by squares () Chance nodes - represented by circles () Terminal nodes - represented by triangles (optional)

Solving

the tree involves pruning all but the best decisions at decision nodes, and finding expected values of all possible states of nature at chance nodes Create the tree from left to right Solve the tree from right to left

EXAMPLE DECISION TREE


Chance node

Event 1 Event 2 Event 3

Decision node

The Example Of Decision Tree HIERARCHY


PROCESS

THE ADVANTAGE OF DECISION TREE


Are simple to understand and interpret. Have value even with little hard data. Use a white box model. Can be combined with other decision techniques.

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