BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BENEFITS OF USING DECISION TREES include:
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Uses quantitative data only-ignores qualitative aspects of decisions
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It is based on assumptions and estimates
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Choices are set out in a logical way
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Assignment of probabilities and expected values prone to bias
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Explanation:
Detailed explanation-1: -A decision node, represented by a square, shows a decision to be made, and an end node shows the final outcome of a decision path.
Detailed explanation-2: -Advantages of decision trees Decision trees represent the logic of If-Else in a pictorial form. Decision trees help the analyst to identify the actual decision to be made. Decision trees are useful for expressing the logic when the value is variable or action depending on a nested decision.
Detailed explanation-3: -A decision tree is a non-parametric supervised learning algorithm, which is utilized for both classification and regression tasks. It has a hierarchical, tree structure, which consists of a root node, branches, internal nodes and leaf nodes.
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