Decision Trees—Which Scenario Is Best?
Lecture no. 19 from the course: Mathematical Decision Making: Predictive Models and Optimization
Taught by Professor Scott P. Stevens | 31 min | Categories: The Great Courses Plus Online Mathematics Courses
See how decision trees and probability analysis can lead to optimal decisions in situations that seem bewilderingly uncertain. Professor Stevens focuses on a potential public relations disaster faced by executives at Gerber Products and how they used a decision tree to chart a successful strategy.