Decision Tree Analysis

Decision Tree Analysis is a visual tool used to make decisions by mapping out different choices and their possible outcomes. It resembles a tree, where each branch represents a decision or chance event, leading to various results. By laying out options clearly, it helps evaluate risks, benefits, and potential consequences, allowing individuals or organizations to choose the best path based on their goals. This method is valuable in fields like business, healthcare, and finance, as it simplifies complex decisions and aids in strategic planning.