The Data Science Lab Binary Classification Using a scikit Decision Tree Dr. James McCaffrey of Microsoft Research says decision trees are useful for relatively small datasets and when the trained ...

Decision trees are useful modeling tools to help you make decisions. Decision trees offer a structure to organize options and help you understand the possible results of choosing specific options.

Business owners have to make decisions every day on issues fraught with uncertainty. Information is not perfect, and the best choice is not always clear. One way to handle these vague situations is to ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

In last month’s article, we touched on the importance of probability in our daily lives. We shared brain teasers and non-intuitive facts that highlighted how an understanding of probability can help ...

Dr. James McCaffrey of Microsoft Research says decision trees are useful for relatively small datasets and when the trained model must be easily interpretable, but often don't work well with large ...