A decision tree can help you make tough choices between different paths and outcomes, but only if you evaluate the model correctly. Decision trees are graphic models of possible decisions and all ...

Both Monte Carlo and decision tree analyses are powerful tools, but each has its particular strengths. Monte Carlo simulations are good for accounting for multiple risks occurring simultaneously.

Financial distress prediction plays an important role in the decision-making process of stock and bond investors, commercial banks and commercial credit adjusters. The effectiveness of financial ...

One of the most important components of decision making is process organization. Using a decision tree to choose between different courses of action presents possible outcomes in graphic form, making ...

This paper presents a general framework based on copulas for modeling dependent multivariate uncertainties through the use of a decision tree. The proposed dependent decision tree model allows ...

What are the advantages of logistic regression over decision trees? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand ...