Original Source:  Tech Target

“A decision tree is a graph that uses a branching method to illustrate every possible outcome of a decision.

Decision trees can be drawn by hand or created with a graphics program or specialized software. Informally, decision trees are useful for focusing discussion when a group must make a decision. Programmatically, they can be used to assign monetary/time or other values to possible outcomes so that decisions can be automated. Decision tree software is used in data mining to simplify complex strategic challenges and evaluate the cost-effectiveness of research and business decisions. Variables in a decision tree are usually represented by circles…”

https://whatis.techtarget.com/definition/decision-tree

Contributors: Open Source
Categories: SIG U Resource, Tool
SRC Type: Benchmarking and Analysis, Category Specific, Information Technology (IT), Procurement Operations