Download Download SpiceLogic Decision Tree Analyzer 6.0.5 Free

Making a decision isn’t always easy, especially when we’re talking about the business world. Designed to help statistics and probability experts, as well as entrepreneurs and managers, SpiceLogic Decision Tree Analyzer Provides an intuitive application for creating decision trees without ignoring cost-effectiveness, utility value, and risk.

Set criteria, launch decision trees or use machine learning

The developers of Decision Tree Analyzer wanted to create a tool that anyone could use and a pleasant user experience, so they built an application with an intuitive wizard-style GUI that guides you through what you need to create your own All step decision tree. Also, if you get stuck, video tutorials and extensive documentation are sure to help you.

Once launched, you will be prompted to choose how to start a new project. You can start by setting the criteria to be considered, launching a decision tree directly or using machine learning to determine how others make decisions based on data sources.

Create and set decision criteria

If you’re curious, you should probably start with the new decision tree and see what the application can do. A decision tree can start with a decision node, a chance node, or a Markov model. Starting with a node, you can go straight to the editor, where you can start designing the decision tree as you see fit. The right-click menu contains tools and options that allow you to edit text in nodes, transform, insert or delete nodes, all with just a few clicks.

The interesting part is the analysis of the decision criteria. At this point, you can choose between conventional criteria-based analysis or cost-benefit analysis in healthcare. For example, you can choose to maximize revenue or minimize costs as the two criteria to apply. The second analysis, designed specifically for the healthcare industry, focuses on effectiveness or cost to help you make the best decision.

Decision trees can be easily exported as diagram images or directly to Excel or PDF format so you can easily share them with others.

Powerful Decision Tree Software Tool

SpiceLogic Decision Tree Analyzer helps you create small or large decision trees and provides the tools you need to conduct comprehensive analysis to make decisions. Healthcare students will be delighted to discover that they can also create Markov chains with added bonuses for Markov states.

There’s more to discover with the SpiceLogic Decision Tree Analyzer, as it can also perform revenue modeling, cohort simulations, sensitivity analysis, probability distributions, and Monte Carlo simulations. In other words, the SpiceLogic Decision Tree Analyzer is a powerful tool at your fingertips.