PrecisionTree

Description

With PrecisionTree, you can visually map out, organise, and analyse decisions using decision trees, right in Microsoft Excel.

PrecisionTree helps you tackle sequential decisions.With PrecisionTree, you can visually map out, organise and analysedecisions using decision trees, right in Microsoft Excel. Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events. This helps you identify and calculate the value of all possible alternatives, so you can choose the best option with confidence.

Key Features:

• Decision trees: Visually understand a decision, identify best options and communicate results to others.
• Seamless integration into Microsoft Excel: Never leave your spreadsheet; get up to speed quickly.
• Integration with BigPicture: Transform decision trees into presentation-quality diagrams for sharing and discussion.
• Intuitive toolbars and right-click menus: Easy navigationmultiple ways to perform common tasks.
• Risk profile reports: Shows payoffs and risks of different options.
• Sensitivity analysis: Identifies most influential variables in a decision.
• Policy Suggestion Report: Shows optimal decisions and payoffs.
• Strategy Region Graphs: Displays value of decisions over ranges of 1 or 2 variables.
• Bayesian Revision: Reverses chance nodes to show probabilities calculated using Bayes Rule.
• Reference nodes and collapsible branches: Streamline large trees for easy navigation.
• Logic nodes: Allows conditional modeling.
• Linked trees and VBA payoff calculations: Allows complex payoff computations outside of the tree itself.
• Utility functions: Account for decision makers attitude toward risk when calculating the best decision.
• PrecisionTree Developer Kit: Automate and customise PrecisionTree with Excel VBA.
• Compatibility with @RISK: Account for uncertainty and run Monte Carlo simulations to see all possible outcomes.
• Influence diagrams: Visually summarise a decision.