![]() If you have a later release of PrecisionTree, please look at the manual that is installed with your software. The information is valid for PrecisionTree up through 7.6. ![]() Click Help » Documentation » Manual and look at Appendix A.įor convenience, those two pages are attached to this article. There's a much more thorough explanation in the PrecisionTree user manual. ![]() Working from right to left, the value of a chance node is the weighted average of the values of the nodes that that chance node branches to, and the value of a decision node is the value of the node on the TRUE branch of that decision node. PrecisionTree 7.5.2 in 32-bit Excel 2013 or 2016 PrecisionTree 7.6.x in 32-bit Excel 2013, 2016, or 2019 StatTools 7.5.2 in 32-bit Excel 2013 or 2016 StatTools 7.6. Liquidity is very important factor in the investment industry.The percentage (likelihood) of an end node is the product of each branch in the path from the root, counting TRUE as 1 and FALSE as 0. The value of an end node is the sum of the value of each branch in the path from the root.How does PrecisionTree calculate the values and probabilities it shows next to each node? Why are some nodes marked TRUE and others FALSE?
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