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The Decision Tree provides that map, helping people see not only the destination but all the potential detours, sinkholes and scandals along the way. It doesn’t prevent mistakes, but it ensures ...
Decision trees are a simple but powerful prediction method. Figure 1: A classification decision tree is built by partitioning the predictor variable to reduce class mixing at each split. Figure 2 ...
Assign a numerical value to each possible outcome on the tree. Use dollar amounts for outcomes. For example, if one outcome would gain the company $100,000, mark "$100,000" next to it.