Explain one real world application in which decision trees canbe particularly helpful for prediction applications...

Explain one real world application in which decision trees can be particularly helpful for prediction applications like rainfall prediction, loan default prediction,etc. Your discussion should give an overview of the predication application you are discussing, describe why the application is important and explain how decision trees can be used in this particular application. please include at least one academic reference .

Expert Solution

There are immense examples available for the decision making examples the one that is important is discussed below.

The above tree gives the case and prediction exactly the way it is. By using this we can make decision easier.

Quitting a job is not that much easier while we are having an immense responsibility to handle.

We have to look out our financial conditions, look for savings money, medical cares etc.

So these predictions can be easily populated in the decision trees.

Academic reference:

https://en.wikipedia.org/wiki/Decision_tree

venereology answered 2 years ago

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