Explain the advantages and disadvantages of decision trees


Problem

You have met an acquaintance for lunch, and he is worried about an upcoming meeting with his boss and some executives from his firm's headquarters. He has to outline the costs and benefits of some alternative investment strategies. He knows about both decision trees and influence diagrams but cannot decide which presentation to use. In your own words, explain to him the advantages and disadvantages of each.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain the advantages and disadvantages of decision trees
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