Decision trees are useful modeling tools to help you make decisions. Decision trees offer a structure to organize options and help you understand the possible results of choosing specific options.

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 ...

Junior faculty are often told to protect their time, but nobody provides instructions for how to do so. As an assistant professor at a public university, I have struggled to balance my course load, my ...

The two main downsides to decision trees are that they often don't work well with large datasets, and they are highly susceptible to model overfitting. When tackling a binary classification problem, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

“Smart” decision-making will be the focus of an upcoming lecture at Rochester Institute of Technology. John Salerno, a fellow with the Air Force Research Laboratory in Rome, N.Y., will present ...

In the high-stakes arena of corporate strategy, where million-dollar decisions are sometimes made over lukewarm coffee and passive-aggressive slide decks, decision-making isn’t just king — it’s the ...

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 ...