A decision tree is a graphical representation that uses branching to illustrate all possible outcomes of a decision. It consists of decision nodes, chance nodes, and end nodes. A decision tree is a decision support tool that uses a tree-like model to represent decisions and their consequences, including costs and benefits. It allows visualization of scenarios and determination of expected values. Decision trees are simple to understand, can provide insights even with little data, and allow addition of new scenarios.
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Ecision Tree: Balaram Champannavar
A decision tree is a graphical representation that uses branching to illustrate all possible outcomes of a decision. It consists of decision nodes, chance nodes, and end nodes. A decision tree is a decision support tool that uses a tree-like model to represent decisions and their consequences, including costs and benefits. It allows visualization of scenarios and determination of expected values. Decision trees are simple to understand, can provide insights even with little data, and allow addition of new scenarios.
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DECISION TREE
Balaram Champannavar MEANING “A Decision Tree is a graphical representation that uses the branching method to illustrate every possible outcome of a decision.”
Decision Tree is used to simplify
complex strategic challenges and evaluate the cost effectiveness of research and business decision. A DECISION TREE CONSISTS OF Decision nodes-typically represented by Squares. Chance nodes-typically represented by Circles.
End nodes-typically represented by Triangles.
A decision tree is a decision support tool that uses tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
“A decision tree is a flowchart-like structure in which each
internal node represents a “test” on an attribute, each branch represents the outcome of the test, and each leaf node represents a class label(decision taken after computing all attributes”. ADVANTAGES Decision Tree are simple to understand and interpret. Have value even with little hard data. Important insights can be generated based on experts describing a situation and their preferences of outcomes. Allow the addition of new scenarios.
Helps to determine worst, best and expected values for
different scenarios. Use a white box model. If a given result is provided by a model. Can be combined with other decision technique.
A descriptive means for calculating conditional
probabilities DISADVANTAGES
For data including categorical variables with different
numbers of levels, information gain in decision trees is biased in favor of those attributes with more levels. Calculations can get very complex, particularly if many values are uncertain and/or if many outcomes are linked. The process of growing a decision tree is computationally expensive. Some decision tree can only deal with binary-valued target classes. THANK YOU