Advantages of decision tree analysis: Easy to interpret, Possible scenarios can be easily added, Value of different scenarios can be determined.
What is SWOC analysis and explain its relevance to business decision making
importance of the decision making unit
advantage of model analysis
Actually there are six stages to decision making in business they are: 1.Problem analysis 2. Data Collection 3. Analysis and Evaluation of data 4. Formulate and test alternative strategies 5. Implement the decision 6. Evaluate the decision
There are various advantages associated with qualitative research. For example, it can offer a much more in-depth analysis than other methods.
miah is a prick.he is from Aston in Birmingham UK
could u send me the answers for the merits of the decision tables
Cost-benefits analysis
Decision Tree Advantages Easy to understand Map nicely to a set of business rules Applied to real problems Make no prior assumptions about the data Able to process both numerical and categorical data Decision Tree Disadvantages Output attribute must be categorical Limited to one output attribute Decision tree algorithms are unstable Trees created from numeric datasets can be complex
A decision tree will help a manager decide which direction that he will moe the business in. e.g. if a business is looking to expand than they would be able to use a decision tree in order to come to a decision in terms of which direction they will expand in. It looks at the different expansion ideas and looks at the possible outcomes for these. It will however only show financial factors affecting the outcome as it analysis solely financial factors.
analysis of demand contribute to business decision making
analysis
Importance of financial ratio analysis on investment decision making?
What is SWOC analysis and explain its relevance to business decision making
What is SWOC analysis and explain its relevance to business decision making
advantages of the strain rosette analysis
advantages and disadvantages of transactional technique