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What is Decision Tree?
The decision tree will start at a specific node and will create a branch based on the outcome that is obtained. Each node will have some extra nodes which would make it look like a tree. It is painful for students to complete such assignments. However, by seeking the help of our decision tree assignment experts, you can get the assignment done before the given timeline. We help you score good grades in the examination. Besides giving the outcome it also gives the cost of resources, utilities, and the possible consequences. The decision tree is the best way to provide the algorithm along with the conditional control statements. It has branches that would showcase you with the decision-making steps which can lead you to positive results.
The structure of the flowchart would have nodes that would show the attributes at every phase. Every brand would represent the outcome of the attributes. There is a path that is from the leaf to the roots, which would give you the rules that are followed for classification.
Decision trees are ideal to learn algorithms based on the learning methods. The predictive models would be accurate, easier to interpret, and are highly stable. The tools would also be used to fit the non-linear relationships as they are capable enough to solve the challenges, especially the regression and classification. The decision trees are perfect to handle the datasets which are non-linear. This tool is widely used in different areas such as engineering, business, civil planning, and law.
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Types of Decision Trees
There are two different types of decision trees available. These include –
- Categorical variable decision tree - This type of decision tree would comprise of categorical target variables that are further divided into categories. For instance, the categories can either be yes or no. In every phase of the decision process, a decision would be made and it falls in any of the categories. There is nothing called as in-betweens. When a student gets the help of the decision tree experts to write the assignment, they can score good grades in the examination. Moreover, their assignment would stand out from others in the classroom.
- Continuous variable decision tree - The continuous variable decision tree would have a continuous target variable. For instance, you want to know the income of a person then it can be predicted based on various factors such as age, occupation, and many other variables.
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Applications of Decision Trees
Few of the applications of decision tree due to which this concept is most important to learn include:
Assess the growth opportunities - The main application of a decision tree is to evaluate the future growth opportunities for the business by thoroughly analyzing the past data. You can also make use of the past data that is available for sales in the decision tree to make changes to the business strategies. This helps you to expand the business and grow further.
Use demographic information to find potential clients - Another application where you can use the decision tree is to analyze the demographic information that you have about the prospective clients thoroughly. This can be used to streamline the marketing budget and take right decisions on the target market where you want to focus or do the business. When there is no decision tree, the business has to spend a lot of time on marketing without paying attention to any specific demographics. It would eventually take a toll on the revenue of the business and would not reap effective results in terms of sales.
Support tool in different fields -The lenders would be making use of the decision tree to find the probability of the customer giving the loan. The predictive model would be done based on the past data of the client. The decision tree support tool will help the lenders to evaluate the trustworthiness of a customer and keep losses at bay. Apart from this, the decision tree can also be used to plan logistics and strategic management. There are some strategies that can be determined using this tool to attain the company goals. There are other fields where the decision tree would be used include law, business, healthcare, education, engineering, finance and so on.
Various Benefits of Decision Tree
Listed below are key benefits of using decision tree method to represent data
- Quick to read and interpret the data - The input of the decision tree is easy to read and interpret without you having any kind of statistical knowledge. For instance, the decision tree would be used to present the demographic details about the customer; the marketing department can read and let you interpret the graphical data without having any statistical knowledge. You can use the data to generate valuable insights which can be used by the marketing department.
- Simple to prepare - When compared to the decision techniques that are available in the market, the decision tree would take less time to prepare the data. You will have the information ready to create variables that have the power to anticipate the target variables. It is also simple for you to classify the data without having to go through the complicated calculations. If you want to do complicated calculations, you can use a decision tree in conjunction with the other methods.
- Not much data cleaning is required - When you create the variables, it becomes easier for you to clean the data. The missing values do not have much impact on the decision tree data.
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