Question

Describe a specific example of the use of decision trees in business context. For example, decision trees can be used to forecast home buyer’s willingness to close a deal.

Directions:

Explain what type of data (specific columns) can be used in the example you will find and what type of trees (classification or regression) will be used.

Answer 1

To apply for a master's degree after bachelor's degree in foreign countries is very expensive and intensive task. Suppose we have to predict the probability of getting admission in foreign country.

For this we have cgpa score, gre score,tufel score, University rating and chance of admit that is probability of getting admission.

On this data we can fit a decision tree model This all variables are numeric. Here chance of admit is dependent variable and remaining are independent variables.

We need numeric variables for decision tree in case of Characters(yes, no) we convrt them in numeric variable by coding like 0,1 etc.