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Decision Trees

Decision Trees are specialized model to recognize the role of uncertainties in a decision-making problem. They distinguish between controllable events and random events to help sort the sequence that they occur in. 

Square Nodes/Boxes- decisions 

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Branches- alternative choices

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Helpful if introducing a new product and need to decide what market to begin distribution.

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Lucas Krier, Stephen Franken, Taylor Norris, Tanner Purvis
BUSINESS ANALYTICS 2017
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