tag:blogger.com,1999:blog-4509736829271344872.post5397944994556875196..comments2024-03-02T03:24:43.931-05:00Comments on Advanced Analytic Techniques: An Introduction to Decision Tree Analysis Kristan J. Wheatonhttp://www.blogger.com/profile/02566135545863154089noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4509736829271344872.post-14131929499855257182013-03-12T21:25:43.344-04:002013-03-12T21:25:43.344-04:00The summary you provided of this article helped me...The summary you provided of this article helped me understand a more direct production of decision trees than the article I approached. I do agree that more explanation of the equation could be beneficial, though I expect further explanation would have been hard to keep up with without a statistical background. <br /><br />I also liked the fact that his examples were profit-based, though I understand your desire for more variance within the article. One thing I did think was strange was that by using profit as the final outcome, it did not allow the author to address the ways or reasons to "prune" decision trees, as any amount of profit is still valuable to a company. I would consider this omission a weakness of the article.MK Daleyhttps://www.blogger.com/profile/00470455609030653798noreply@blogger.comtag:blogger.com,1999:blog-4509736829271344872.post-85528264118064878562013-03-12T21:07:13.342-04:002013-03-12T21:07:13.342-04:00This article is a good starting point and gave a s...This article is a good starting point and gave a solid introduction to decision trees. By breaking down each step and gradually adding an element to the model I was able to apply what I learned to other articles about decision trees. The use of visuals was also very useful. <br /><br />As mentioned in the critique, it would have been beneficial to include at least one extra intended outcome to compare to the profit motivated outcome. Taking into account the study's intent to provide a foundation of decision trees I would have liked Kirkwood to elaborate on other outcomes, or provide a different data set for further clarification of their capabilities. Angie Andersonhttps://www.blogger.com/profile/11737384901278780197noreply@blogger.comtag:blogger.com,1999:blog-4509736829271344872.post-64013961827245962302013-03-12T18:13:22.080-04:002013-03-12T18:13:22.080-04:00When I was reading both the summary and critique i...When I was reading both the summary and critique it resonated with me how beneficial decision trees could be as one of many analytical tools used to examine both the current business environment or what the future trends in terms of probability might be in the future. I think that it would be interested to examine different aspects of the business environment that are not directly cost related. A good example could be specific changes in the business environment and how they could both your own company and ones competitors' market-share. The one aspect that I found to be very significant for the business environment was putting in an area for uncertainties within the decision trees. These uncertainties could be anything, potential new technologies, changes with regulations, or larger marco-enviornmental trends that will disrupt the functioning of a corporation. Anonymoushttps://www.blogger.com/profile/11412280252210298973noreply@blogger.com