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Decision trees assist managers in evaluating upcoming choices. The tree creates a visual representation of all possible outcomes, ... Examples of Applications for Decision Trees.
Decision Trees in Finance. ... For example, if you are trying to decide whether to buy a piece of machinery, your actions might be to buy a new machine, buy a used machine, ...
For example, a decision tree can help managers determine the expected financial impact of hiring an employee who fails to meet expectations and must be fired.
Using the Decision Tree Model After the decision tree model has been evaluated, ... For example, you might see something like, "IF column 1 less-than 0.55 AND column 3 not-equal 2 AND column 1 ...
Because the decision tree model was trained using normalized and encoded data, the x-input must be normalized and encoded in the same way. Notice the double square brackets on the x-input. The predict ...
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