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Visualizing the potential results, costs, and effects of a complex decision is part of decision tree analysis.
What is decision tress analysis?
To choose the optimal course of action, decision tree analysis can assist you in visualizing the effects of your choices.
A decision tree is a flowchart that begins with a single central concept and branches out according to the outcomes of your choices. The model often resembles a tree with branches, therefore the name "decision tree."
These trees are employed in decision tree analysis, which entails graphically illustrating the probable results, expenses, and effects of a difficult decision.
Based on the choices and results that led to each outcome, you can use a decision tree to determine its expected value. The best course of action can then be quickly determined by comparing the results to one another.
To know more about decision tree analysis you may refer to:
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