A decision tree template helps you in making the right decision. Sometimes making decisions on certain matters become complicated. Also, when there is more than one solution available then reaching a good decision can be difficult. Here decision tree is the best way of achieving this scared end. However, you can also use a decision tree template to achieve the right outcome.
Table of Contents
- 1 Basic elements of a decision tree:
- 2 Benefits of creating a decision tree:
- 3 Creating a decision tree template:
- 4 Creating a decision tree in MS Word:
- 5 Creating a decision tree in MS Excel:
- 6 Conclusion:
Basic elements of a decision tree:
The decision tree has three basic elements;
It is the very first node that indicates the ultimate objective or decision that you need to be made. It is present on the top of the whole structure. Moreover, from this node, all other elements come from. You have to state the root node carefully because it will affect the type of direction that the other elements of the tree will take.
Just like the branches of tree stems originate from the roots, in the same way, the branch node comes from the root node of a decision tree. As its name implies, this node indicates the certain actions that you have to take to come up with a solution. You can use different arrows to indicate these branches.
As branches of trees have leaves, this node represents the possible results for each action you take. However, there are two types of leaf nodes to use;
- To represent unknown outcomes, use circle nodes.
- To represent that there is a need to make more decisions, use square nodes.
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Benefits of creating a decision tree:
The benefits of creating a decision tree are as follow;
- These trees are non-linear and provide more flexibility for planning, exploring, and making predictions for possible results to decisions either they happened or not.
- It visually displays cause-and-effect relationships. Furthermore, it gives you simpler and effective communication of complex processes. They are easy to understand even to those who never made them before because they are straightforward.
- You can also consult others during making important decisions but rely too much on other’s opinions may put your final decision at risk. While the decision trees allow you to have a balanced look at the decision-making process. In addition, they enable you to calculate both rewards and risks. In short, they pay attention to data and probability instead of biases and emotions.
- They provide you a predictive framework through which you can ultimately identify the course of action that provides you the highest possibility of succeeding. Hence, it prevents your decisions against unacceptable outcomes and risks.
- With the help of a decision tree, you can easily analyze the problem in a way that the traditional approach can’t match. This wholesome analysis provides you more effective and easier interpretation.
- This decision tree is also helpful for the problems that require a quantifiable framework. It is an effective way for tackling it.
Creating a decision tree template:
You can download decision tree templates from bestcollections.org but if you want to make one yourself then here are some steps for your guidance;
- At first, you have to define a question.
- Next, insert the branches of the tree. You can also add or terminate some branches if needed.
- After inserting branches, add the leaves of the tree.
- When you have made it, check it thoroughly. You should also check the 15+ Best Family Tree Template.
Creating a decision tree in MS Word:
You can easily make a decision tree in MS Word. Let us discuss how you can create it;
Firstly, open a new file in MS Word.
After opening a new file, click on the Insert Tab, then Illustration, and then SmartArt Graphics.
From the hierarchy template that is according to your needs, select your desired SmartArt Graphic.
Next to the SmartArt Graphic, enter your decision in the editing box.
Until you have finished your template, adding your thorough information and elements.
Creating a decision tree in MS Excel:
You can create a decision tree in MS Excel in two different ways;
Use basic shapes in lines:
- At first, open a new file in MS Excel and enter your data into the spreadsheet
- Go to the Insert Tab and from the Text Section select the text box. You can easily draw a text box by using your cursor.
- After that, there comes the most important part of your tree i.e. entering the main question in the text box.
- The next step is to draw the outcomes or answers to your main question. It’s up to you how many answers or outcomes you can draw for your main decision.
- If you want to draw a line, go to the Insert Tab, from the Illustrations select the shapes. Now, you can create a straight line. You should attach an oval or box for your first outcome after inserting a straight line. Similarly, keep adding the ovals or boxes for other outcomes.
- Until you have completed your decision tree, continue using the connectors to draw outcomes.
Use SmartArt Graphics:
- Also, the first step of this method is to open a new file in MS Excel.
- Go to the Insert Tab and from the Illustrations section select the SmartArt Graphics.
- After that, select the horizontal hierarchy from the Hierarchy tab. When you click ‘OK’ then the Horizontal Hierarchy Graphic will open.
- Now it’s time to start editing your tree. Inside the decision box, click the placeholder and enter your content. You can also edit your content by using the editor box next to the SmartArt Graphic. You may also see 20+ Free Obituary Templates & Samples.
In conclusion, a decision tree is a tree-like model of the decisions to be made. It consists of three basic parts the first one is the root node that represents the decisions to be made, the second one is the branch node that indicates the possible actions, and the third or last one is the leaf nodes that display the possible outcomes. Moreover, you can also use decision tree templates as they provide you raw frameworks.