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 ...

More questions: Decision Trees: What are the advantages of using a decision tree for classification? Classification: Why is the output of logistic regression interpreted as a probability?

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.

We put forward a model which uses optimal decision trees based on optimal sampling probability. The proposed model can effectively improve the financial distress prediction performance. We use a ...

Decision Trees in Finance. 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 ...

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 ...