We call such diagrams decision trees. A suitable decision tree for the weekend decision choices would be as follows: We can see why such diagrams are called trees, because, while they are admittedly ...

Decision trees are a major tool in corporate finance. Discover how binomial trees play an integral role in the pricing of interest rates.

Many scientific problems entail labeling data items with one of a given, finite set of classes based on features of the data items. For example, oncologists classify tumors as different known ...