Decision trees are major components of finance, philosophy, and decision analysis in university classes. Yet, many students ...

Decision trees are useful for relatively small datasets that have a relatively simple underlying structure, and when the trained model must be easily interpretable, explains Dr. James McCaffrey of ...

The two main downsides to decision trees are that they often don't work well with large datasets, and they are highly susceptible to model overfitting. When tackling a binary classification problem, ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.