Decision trees, such as C4.5 (ref. 1), CART 2 and newer variants, are classifiers that predict class labels for data items. Decision trees are at their heart a fairly simple type of classifier ...

The probabilities are at the core of how the decision tree works; experts often spend most of their time analyzing the chance of outcomes (i.e. a 40% chance of a recession), as that's a primary ...

Here is a [recently developed] tool for analyzing the choices, risks, objectives, monetary gains, and information needs involved in complex management decisions, like plant investment. by John F.