Decision Tree Comprehensive Case Study

Description
This video will help you to start creating and using your own decision trees when making financial decisions.

The video uses a detailed case study based on land prices, construction costs and potential apartment sale costs as an example for constructing a decision tree. As such, the video walks you through right from the initial problem, through the decision tree, and ultimately, the decision.

Based on this case study, the video demonstrates how you can start to build a decision tree in order to come to a decision about whether to begin the construction of apartments or keep the land vacant.

The video shows you how you can analyze and evaluate the potential decisions that you could make, and build branches off them based on potential outcomes. As such, this video shows you how you can fully plan out the outcomes of your potential decisions so that you can make an informed and calculated decision, by weighing the potential decisions against one another.

He also details how you can go on to break down, analyze, interpret your decision tree, further aiding you in coming to the correct conclusion and decision.

Ultimately, this video demonstrates how you can use decision trees to make an informed decision for your business.

Length: 36 minutes 15 seconds.