Design and Applications of Decision Trees

This paper discusses a basic design procedure for constructing decision trees from examples. We then discuss about some applications of the decision trees. Decision trees are the most important tool which is used in order to reach the final decision regarding any problem. The most important advantage of the decision tree can be seen in the multilevel-Decision making. Decision Trees have been applied in the field of software project request approval and also in predicting policy risk. In this paper we will see some examples from each of these applications to understand how decision trees are important tool for decision oriented fields. Keywords:- Multilevel decision, Dataset, Policy insurance, Insurance surrenders value