This chapter provides an introduction to PrecisionTree and the process
of setting up a decision tree using PrecisionTree and Excel. The chapter
includes the following three sections:
♦ A Quick Overview to PrecisionTree - a quick look at a decision tree
in PrecisionTree and the results of a decision analysis
♦ Setting Up a Decision Tree - a step-by-step guide to creating a
decision tree
♦ Setting Up an Influence Diagram - a step-by-step guide to creating
an influence diagram
♦ Running a Decision Analysis - an overview of running a decision
analysis and sensitivity analysis
♦ Advanced Features - an overview of additional features of
PrecisionTree that can be used in building your decision models