Advantages of Using Decision Trees

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Advantages of Using Decision Trees
John Kudic, United States
There are several benefits of decision trees when you compare them to other decision support tools:
  1. SIMPLE: Are simple to understand and interpret. People are able to understand decision tree models after a brief explanation.
  2. LITTLE DATA NEEDED: Have value even with little hard data. Important insights can be generated based on experts describing a situation (its alternatives, probabilities, and costs) and their preferences for outcomes.
  3. EXTENSIBLE: Allow the addition of new possible scenarios
  4. OUTCOMES: Help determine worst, best and expected values for different scenarios
  5. WHITE BOX: Use a white box model. If a given result is provided by a model.
  6. OPEN: Can be combined with other decision techniques.
Any more we can add?



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