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 .

Solutions

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 1 year ago

Next > < Previous

Related Solutions

Search the internet for real-world applications of logarithms or exponential functions. Share the application you discovered...

Search the internet for real-world applications of logarithms or exponential functions. Share the application you discovered with the class along with how it relates to logarithms or exponential functions. Besure to cite the resource. What is the relationship between exponentials and logarithms?

Please give an example of a "real-world" firm, which is particularly strong (or weak) in that...

Please give an example of a "real-world" firm, which is particularly strong (or weak) in that category Such as human, Innovation and creativity and Reputation Intangible Resources Human • Experience and capabilities of employees. • Trust. • Managerial skills. • Firm-specific practices and procedures. Innovation and creativity • Technical and scientific skills . • Innovation capacities. Reputation • Brand name. • Reputation with customers for quality and reliability. • Reputation with suppliers for fairness, non–zerosum relationships.

Respond to the following in a minimum of 175 words: Explain the real world applications of...

Respond to the following in a minimum of 175 words: Explain the real world applications of Statistics and provide a detailed example.

real-world applications of calibration of pressure gauge

Define the term and explain a situation that demonstrates the ‘real world’ application of each of...

Define the term and explain a situation that demonstrates the ‘real world’ application of each of the following. Make sure your example clearly demonstrates your understanding of each concept. a. Trade Deficit and Trade Surplus ( ____/5) b. Current Account and Financial Account ( ____/5) c. Appreciation and Depreciation ( ____/5)

7. Describe one real-world application of chemical systems in equilibrium. Clearly state the application and state...

7. Describe one real-world application of chemical systems in equilibrium. Clearly state the application and state how the knowledge of chemical systems has helped to make the process possible and / or easier. Then state the impact on the environment or on society

Describe a real-world prediction problem using urban data for which interpretability of your models and results...

Describe a real-world prediction problem using urban data for which interpretability of your models and results is essential, and for which it might be preferable to use decision trees rather than random forests. Argue why this is the case.

Describe a real-world prediction problem using urban data for which accuracy is paramount and interpretability may...

Describe a real-world prediction problem using urban data for which accuracy is paramount and interpretability may be less important, and for which it might be preferable to use random forests rather than decision trees. Argue why this is the case.

Please provide a 250 word explanation AND DESCRIPTION OF A REAL WORLD APPLICATION of one of...

Please provide a 250 word explanation AND DESCRIPTION OF A REAL WORLD APPLICATION of one of the following topics: -ideal gases or the ideal gas law -the gas constant or the Boltzmann constant -the root mean square speed of molecules in a gas -molar specific heat -the mean free path of a gas molecule Please be descriptive and include example equations if possible. If post meets requirements of 250 words, explanation of theory, AND A REAL WORLD APPLICATION, I will...

What real world applications exist for Euler Circuits?

Subjects