A decision tree is a chart visualizing all possible decisions along with their potential outcomes. Decision tree generation is a widely used methodology to have an educated guess on the possible paths. As well as helping the decision-makers all around the globe calculate possibilities of important actions.A decision tree can also be known as the tree diagram or the tree chart within organizations and can be used for projections and product/investment decisions even. Since decision trees are very powerful tools, many professionals leverage this methodology for assessing numerous options along with their probable outcomes.Decision Tree Template Features
You may use the template from two different approaches:
Enter all the data in the table and create the decision tree based on the data input. Do not forget to click the “Draw” button after changes.
Use the interactive buttons to create a step-by-step decision tree by adding boxes.
These approaches are aligning together as the changes are reflected in each other. So, if you make changes in the data table these will be seen in the decision tree itself. On the other hand, the changes directly executed in the decision tree are updated in the table too.
The additional settings and the interactive buttons allow you to customize your decision tree, both in terms of structure and style.
An important point to keep in mind while using this tree chart maker is the usage of “ID” and “Parent ID” columns of the data input chart. If the specific case has no Parent ID it will be the starting point of the decision tree.
You can use the Label/Probability column not only for decision labels but also for final probability calculations per branch.