One of the most important components of decision making is process organization. Using a decision tree to choose between different courses of action presents possible outcomes in graphic form, making ...

For example, you might want to predict the sex of a person (male or female) based on their age, state where they live, income and political leaning. There are many other techniques for binary ...

The inherent flaw in this approach is that the outcomes are expressed as expected, i.e., average, values, often based on subjective probabilities. The good news is that with recent advances in data ...

The Annals of Statistics, Vol. 49, No. 5 (October 2021), pp. 2531-2551 (21 pages) Proposed by Donoho (Ann. Statist. 25 (1997) 1870–1911), Dyadic CART is a nonparametric regression method which ...

Mike Westervelt, CPA, is chair of the AICPA Accounting and Review Services Committee (ARSC), and he joins this episode of the JofA podcast to discuss the committee’s role in assisting members. Neil ...

Dr. James McCaffrey of Microsoft Research says decision trees are useful for relatively small datasets and when the trained model must be easily interpretable, but often don't work well with large ...