Decision Tree Analysis
In data mining, the decision tree analysis is used to determine the best choice from various possible options. Through this process, researchers and managers get an opportunity to evaluate the risks, benefits and inconsistencies associated with the decisions. The first step is structuring the problems or issues being faced by the organization as a tree. At the end of each branch, all the benefits are listed to help in evaluating the path with the most benefits. After the benefits have been determined, the next step involves assigning subjective probabilities to all the activities on the tree (Qu, Adam, Yasui, Ward, & Cazares, 2002). On each of the choices, the possibilities on risks, errors and ambiguities are listed to help in evaluating the best option.
The benefits of making certain decisions are associated with consequences to develop better comparison strategies that would come up with the best decision. This enhances the decision-making process and enables corporations to develop a model for dealing with the company (Qu, Adam, Yasui, Ward, & Cazares, 2002). The company focuses on the strategies that are in place and the efficiency of the strategies selected. The persons engaged in the process find better means of engaging in the process and develop comparisons based on the models present.
Arts could be used to determine the best way to treat an individual suffering from a chronic illness. Through the strategies used, the illnesses can be determined and a solution pertaining to the patients being treated, found. A more cost effective and efficient approach, in which the detained get their correction in a more economical manner, has been found. Here detained persons get a more practical feeling an...
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...o other methods of data collection. Under this strategy, most individuals can be tested and related to certain illnesses, most of which are genetically motivated (Cavill, Keun, Holmes, LIndon, & Nicholson, 2009). This also assists in the development of curative alternatives, in metabolism and other biological processes. Genetics also helps in analysis and formulation of treatment criteria.
Works Cited
Cavill, R., Keun, H. C., Holmes, E., LIndon, J. C., & Nicholson, J. K. (2009). Genetic Algorithms for Simultaneous Variable and Sample Selection in Metabonomics. Bioinformatics, 25 (1), 112-118.
Qu, Y., Adam, B. L., Yasui, Y., Ward, M., & Cazares, L. H. (2002). Boosted Decision Tree Analysis Of Surface-Enhanced Laser Desorption/Ionization Mass Spectral Serum Profiles Discriminates Prostate Cancer From Noncancer Patients. Clinical Chemistry, 48, 1835-1843.
There was a time many years ago when the passing of a relative always seemed to be the eldest member of the family such as the grandmother, grandfather, great-grandmother or great-grandfather. Not too many times would one see a young person die or being killed very often. In the song “The Leaning Tree”, gospel artist Win Thompkins addresses this as no longer being true because young people are dying just about everyday. Throughout the song , he states that “the leaning tree” ,symbolizing an older person, is not always the first to fall or in other words die. Thompkins also states throughout the song that anyone’s time could be soon no matter the age or condition. He then shares a brief story about a righteous old man who saw his children pass
Advantages of genetic testing may be helpful in determining whether or not you have a disease or are proba...
Holmgren. Gene Linkage [homepage on the Internet]. Mark Lefers; 2004 July 26. [cited 2011 Mar. 4]. Available from: http://http://groups.molbiosci.northwestern.edu/holmgren/Glossary/Definitions/Def-G/gene_linkage.html.
In 1990, the first great stride of genetics took place. This was called the Human Genome Project, a large-scale operation that was designed to understand the human genome (genetic structure). Since its commencement, there have been many leaps and bounds that have taken place. For certain genetic issues that we once knew nothing about, we no...
There are many types of genetic tests that are administered to the adult population. The more commonly used genetic tests are paternity tests, genealogical tests, and forensic testing. They are quite self-explanatory; paternity tests are to determine relatedness of 2 subjects, genealogical tests are used to formulate a heritage or ancestry, and forensic testing is used to identify or rule out a person that has been charged with a crime. Other genetic tests include presymptomatic testing, used to determine the risk someone has to developing a genetic disorder, diagnostic screening, used to rule out or identify a suspected condition, and carrier screening, used to determine if an individual carries one copy of a gene mutati...
...hich inherited traits, such as those for genetic disease, can be tracked over generations. Throughout out the course of human development, scientists will continue to find new new ways to help the human race through the discovery of the human gene inside of each of us, its uses, as well as complications, that can help the survival of our species.
Data mining refers to the use of data from big data source by using different tools in order to solve real time problems that include logistics management, scientific research, processing, financial decision making, retail, and medical research. The important use of data mining can increase the development in the information industry as well as providing benefits to the social cause
way, the implications of a genetically related disease. The long and complex process of genetic
First, let's consider the situations in which genetic testing would be beneficial to patients. Genetic testing for diseases that are preventable or treatable could allow individuals to alter their lifestyles so as to treat the disease or reduce their risk of developing the disease. For instance, the E2 version of the APOE gene, which is found on chromosome 19, has been linked to heart disease (Ridley, 1999). Individuals who have two copies of the E2 gene are particularly sensitive to high-fat and high-cholesterol diets. Therefore, a genetic test to determine whether a person has the high-risk version of the APOE gene could inform a person of future health risks, thereby allowing the person to change his diet to help prev...
Companies. Retrieved July 4, 2008, from University of Phoenix, MMPBL-501 Web site. University of Phoenix . ( 2008). Economics for Managerial Decision Making
Moreover, the use of a metaphor in the title succinctly summarises the main argument that genetic testing provides no benefits to society. The repetition of “epidemic” in the title and main body also conveyed that manipulative genealogy is a growing into a serious issue, especially as “everyone” in society is inevitably affected by their genes in one way or another. More importantly, the
In one study, genetic testing was the “best way to confirm genetic disease diagnostic” (Rew et al., 2010). This can prepare parents to know what expect and how to treat the disease or disorder. The results also help the doctors to be prepared if the child has the certain disease or not. It can allow the quality of living to increase as more intervention programs can help treat the potential disease. Even these tests can give an insight of the child’s health, it only shows the likelihood of getting the disease. This can produce anxiety and worry for the
Making business decisions involves choosing between alternative courses of action. Many factors affect business decisions, yet analysis typically focuses on finding the alternative that offers the highest return on investment or the greatest reduction in costs. Some decisions are based on little more than an intuitive understanding of the situation because available information is too limited to allow a more systematic analysis. In other cases, intangible factors such as convenience, prestige, and environmental considerations are more important than strictly quantitative factors. In all situations, managers can reach a sounder decision if they identify the consequences of alternative choices in financial terms. This unit
... idea to take part in. Genetic testing can lead to a global preparation for parents to look out for their children. The genetic test results can determine so much for the children and what they might get passed down to them whether its diabetes, cancer, or any other illness or disease.
Therefore, to achieve this objective, managers have to make choices in decision-making, which is the process of selecting a course of action from two or more alternatives (Weihrich & Koontz; 1994, 199). A sound decision making requires extensive knowledge of economic theory and the tools of economic analysis, that are directly related in the process of decision-making. Since managerial economics is concerned with such economic theories and tools of analysis, it is very relevant to the managerial decision-making process.