In last month’s article, we touched on the importance of probability in our daily lives. We shared brain teasers and non-intuitive facts that highlighted how an understanding of probability can help ...

You can use decision trees to guide you in deciding among several alternatives. The decision-tree method allows you to approach the problem in a structured and systematic way to arrive at a logical ...

Decision trees are useful for relatively small datasets that have a relatively simple underlying structure, and when the trained model must be easily interpretable, explains Dr. James McCaffrey of ...

The visual data mining process, seen in the first part of this two-part article, revealed patterns in four dimensions between cumulative gas well production and independent variables. "Jump ...

Business owners have to make decisions every day on issues fraught with uncertainty. Information is not perfect, and the best choice is not always clear. One way to handle these vague situations is to ...

ITHACA, N.Y.--(BUSINESS WIRE)--Decision tree software can help discern a logical strategy and progression to achieve goals, creating a visual map and path to success. Ascendion Law, a commercial ...

For many businesses, decisions are left up to managers and executives while individual contributors focus on their day-to-day work. However, 86 percent of businesses feel that they perform better when ...