The solution procedure for solving decision trees is called:
A) sensitivity analysis
B) policy iteration
C) risk profiling
D) folding back

Question

The solution procedure for solving decision trees is called:
A) sensitivity analysis 
B) policy iteration 
C) risk profiling 
D) folding back

Quizplus · Accepted Answer

The solution procedure for solving decision trees is called "folding back," in which we start at the end of the tree and work our way backwards towards the root, calculating the expected value of each node at every stage. Sensitivity analysis, policy iteration, and risk profiling are all related to decision analysis and optimization, but they aren't specific to the solution procedure for decision trees.

The Solution Procedure for Solving Decision Trees Is Called