Part 2. MM4XL Tools > 1. Strategic Tools > Decision Tree > 2. How to Run Decision Tree > How to Run Decision Tree

Decision Tree

How to Run Decision Tree

It's easy to get up to speed with MM4XL in a matter of seconds:

  1. Select the MM4XL tool you want to work with from the toolbar.
  2. Click the Example button on the form. This opens an example sheet with data for the tool you are using.
  3. With your mouse, select the data sets as explained in the example sheet, then click the OK button to print the report.

Building decision trees is a loop activity of 4 phases:

  1. Plan the model
  2. Gather the data
  3. Create the tree
  4. Interpret results

Phase 1 is a matter of objectives and of creative thinking. Decision trees can handle simple as well as complex problems. The more complex the issue the more planning is required.

Phase 2 is often satisfied with survey data, with educated guessing, and with simulation models.

This section deals with phase 3, creating the tree. We must say that making decision trees with DTree is really very easy. We suggest that the user spend time on the meaning of the different options the tool offers and how to build meaningful models.

Finally, in phase 4, from interpreting the tree output managers get feedback information, which may be used for adapting and improving the model, and the loop for building a solid tree starts again.

Lifetime license:
MM4XL All Tools
Price: euro 238.00

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