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Q: Do you think it is a good idea to prefer simple decision trees instead of having long complex decision trees. How does the complexity of a Decision Tree relate to the bias of the model?
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Continue Learning about Economics

What are disadvantages of Disintermediation?

instead of having two or more people involed in your decision ,there is only one.


What are the characteristics of macroeconomics?

Macroeconomics deals with studying the behavior, decision making, performance and structure of an economy as a whole instead of its component parts. Macroeconomics usually studies the aggregate supply/aggregate demand model, using it to explain the performance of the GDP of a nation based on the various components.


What factors must a firm consider while addressing the make or Buy decision?

A firm must consider whether they will save money by having someone else produce their products. They must also consider the how much they will make producing another product instead of the product they will outsource.


How does economics effect us?

Economics affects all out our decision making in the market. When we decide to buy a sweater instead of jeans, in your head you examined the opportunity cost of the jeans to the sweater and determined which you wanted. This is an economic principle, even though many people do not think of it in terms of opportunity costs.


Are trade offs among political purposes inevitable?

Trade off definition - any alternative we give up by making a decision Trade offs occur when decisions are made, and decisions must ALWAYS be made. Politically, and in our daily lives. It's unavoidable. Even dictatorships and communist governments have to make decisions. For example: I SHOULD be doing my homework right now or studying for any school related options I have, instead I am answering this question. Thus, I am losing valuable time that I could be using to do school work. But that's the trade off of my decision. Understand? :)

Related questions

What is gained when a decision is made?

What is gained is that a decision is actually made, instead of procrastinating or dithering, or avoiding. Whether a decision is good or bad is determined by its outcome.


What is an unsigned statement of Court's decision?

An unsigned statement of a court's decision refers to a decision that does not have the name or signature of a specific judge attached to it. Instead, it represents a decision reached collectively by the court as a whole. This can occur in cases where the judges are in full agreement and choose not to attribute individual authorship to the decision.


What does it mean when a referee reverses a decision on an unemployment appeals claim?

It means the decision has been reversed, and (usually) that a claim which was initially denied has instead been accepted.


What actions of Ducans upsets Macbeth?

Duncan's decision to name his son, Malcolm, as his heir instead of Macbeth, and his decision to stay at Macbeth's castle without informing him both upset Macbeth.


When a trial court of general jurisdiction offers a new trial instead of appellate review of a lower court's decision it is giving a?

On appeal, when a trial court of general jurisdiction offers a new trial instead of the review of the lower court's decision, it is giving a


How important are your personal preferences in valuing an investment decision?

Read you book instead of cheatting on your homework


What are disadvantages of Disintermediation?

instead of having two or more people involed in your decision ,there is only one.


Can you use semi sweet chips instead of unsweetned squares for a cookie recipe?

Of course you can...it's your decision


Kathy made a what choice to skip her driving test and go on a picnic instead?

She made a spontaneous decision.


What applications programs are almost always developed within the organization instead of being purchased?

Decision support system


How does the decision making process in a direct democracy compare with a representative democracy?

Decisions are made by the people instead of representatives.


Why did Jo cry at the end of Big Time Decision?

they were tears of joy at the fact that Kendall picked her instead of lucy