3.3 Decision Trees
Topic links: sales forecasting, investment
appraisal, business objectives.
, Decisions Trees?
• Decision trees provide a logical process for decision
making.
• Decision making problem can be set out as a diagram, like
a tree or flow chart.
• Decision tree considers when a decision can be taken and
when a chance determines the outcome
• Next we will look at an example
Topic links: sales forecasting, investment
appraisal, business objectives.
, Decisions Trees?
• Decision trees provide a logical process for decision
making.
• Decision making problem can be set out as a diagram, like
a tree or flow chart.
• Decision tree considers when a decision can be taken and
when a chance determines the outcome
• Next we will look at an example
