Fraud Blocker
Announcement bar drops down here to inform users of the latest news and sales!
Search
Close this search box.

Business microlearning from Japan’s No1 MBA

Search
Close this search box.
Foundation

Decision Tree

11 minutes (1 section)
Analytical Skills

Course Description

The increasingly complex and volatile nature of modern business means that managers have to make decisions in the face of uncertainty. At times not all the necessary data is available, but a choice still needs to be made.

In the midst of this uncertainty, managers can take advantage of decision trees to make strategic decisions.

A decision tree is an analytical tool that helps choose between different courses of action.

They organize, in a tree-like shape, the available options and their associated outcomes, returns, and probability of occurrence. By exhaustively working through a decision tree, managers can determine the most beneficial option available in their given situations.

Take this course and learn how to construct a decision tree and map out all the possibilities you need to consider for your next crucial business decision!

Share this course:

Related Courses

Dive into the popular book 'Numbers Don't Lie' by Vaclav Smil. Explore both the power and pitfalls of data in understanding our world.

2 videos
6 min

Improve your decision-making across a wide range of industries by learning how histograms can help you visualize data and identify trends.

4 videos
9 min

Solve problems, make better decisions, and gain valuable business insights by learning this framework of five important analytical perspectives.

7 videos
11 min

Enhance your business decision-making by visualizing how your company's data changes over time and making informed predictions about the future.

5 videos
9 min

Learn to measure how different variables affect your business, and systematically uncover which activities have the biggest impact on its success.

5 videos
10 min

Start your free trial

Sign up to watch the rest of this course for free - no strings attached!
Continue with a subscription of USD 16.67 / month* after free trial ends
*USD 99.99 billed every 6 months