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 ...

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.

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 ...