14.3 Decision Trees
Decision Trees are a valuable tool used in decision-making processes. They work by breaking down a complex decision-making process into a combination of simpler decisions, which can help individuals or organizations weigh the pros and cons of each option and make an informed decision.
To illustrate how decision trees work, let's consider a common life decision: choosing where to go for vacation. A decision tree might consider various criteria to determine the best destination for your preferences, such as climate, location, activities, and budget. For example, the decision tree might ask questions like "Do you prefer hot weather or cold weather?", "Do you enjoy outdoor activities or indoor activities?", "Do you prefer urban destinations or natural landscapes?", "What is your budget for this trip?", and so forth.
By answering each question, the decision tree will lead you down a path of sub-decisions that ultimately guide...