A decision tree classifier is a machine learning (ML) prediction system that generates rules such as "IF income < 28.0 AND education >= 14.0 THEN politicalParty = 2." Using a decision tree classifier ...

Decision trees are a major tool in corporate finance. ... The rpart package in R allows you to build, prune, and optimize decision trees using machine learning techniques.

Applying them effectively means selecting the right model (decision tree, nearest neighbor, neural net, support vector machine, ensemble of multiple models) and a learning procedure to fit the ...