SAB5#132_Decision_Tree_Example

Description

Mind Map on SAB5#132_Decision_Tree_Example, created by Beatriz Alcalá on 16/05/2015.
Beatriz Alcalá
Mind Map by Beatriz Alcalá, updated more than 1 year ago
Beatriz Alcalá
Created by Beatriz Alcalá over 10 years ago
4
0

Resource summary

SAB5#132_Decision_Tree_Example
  1. A decision tree takes into account future events in making a decision today
    1. It calculates the expected monetary value in more complex situations (probability times impact)
      1. it involves mutual exclusivity
        1. Decisions trees helps in the analysis between many alternatives by taking into account the associated risks, probability and impacts
          1. A decisión tree is and be able to calculate a simple one from provided data. Usually you have to calculate the expected monetary value of your decision
            Show full summary Hide full summary

            Similar