For example, you might want to predict the sex of a person (male or female) based on their age, state where they live, income and political leaning. There are many other techniques for binary ...

Figure 1: A classification decision tree is built by partitioning the predictor ... misclassification if this varies among classes. For example, in classifying cancer cases it may be more costly ...

Here is a [recently developed] tool for analyzing the choices, risks, objectives, monetary gains, and information needs involved in complex management decisions, like plant investment. by John F.