Decision Analysis Introduction

#statistics4all #analytics #businessanalyticscourse #businessanalytics #simulation #riskanalysis This video introduces Decision Analysis (under uncertainty). Several concepts are discussed, including the payoff matrix, regret matrix, and decision tree. 💻 Decision Analysis videos ➡ Intro to Decision Analysis: https://youtu.be/LaLfnMTHbtY ➡ Single Stage Decision Rules: https://youtu.be/0DAcQoUffJo ➡ Walkthrough Expected Monetary Value EMV Calculation: https://youtu.be/ZVjMHSFHsfc ➡ Using Palisade's PrecisionTree: https://youtu.be/TckySTf_qKM ➡ Multistage Decision Problems: https://youtu.be/_EFlyFMv2xM ➡ Walkthrough Multistage Decision Problems using PrecisionTree: https://youtu.be/HoF0imQJd5Q ➡ EVSI (Expected Value of Sample Information) and EVPI (Expected Value of Perfect Information): https://youtu.be/d1lysX5D4Rc 💻 Other Business Analytics topics ➡ Introduction to Business Statistics: https://youtube.com/playlist?list=PLVfkLzKIXfrFjZMKNGPswQMXCZmScnRb6 ➡ Linear Regression: https://youtube.com/playlist?list=PLVfkLzKIXfrGgGRi5lZeZSsOSiwaZjafd ➡ Business Simulation (using @Risk): https://www.youtube.com/playlist?list=PLVfkLzKIXfrFOcr-pw8DD-S4H7idNT2Rb ➡ Decision Analysis (using PrecisionTree): https://youtube.com/playlist?list=PLVfkLzKIXfrFXJqVsFgryneIn8eTGDFc3 ➡ Linear Programming (using Lingo): https://youtube.com/playlist?list=PLVfkLzKIXfrHd2P9TXn-IVbgROhCWLIDz ➡ XLSTAT tutorials: https://youtube.com/playlist?list=PLVfkLzKIXfrENQu8c5QrsjcuS8JUuaww4