Compiled binaries (for Mac, Windows and Linux) are available from the FigTree GitHub repository. See readme in folder for installation.

Decision Trees in Microsoft Excel

Visual Decision Analysis in Your Spreadsheet

PrecisionTree’s graphical representations were quite valuable in communicating our modeling efforts to others.

What we needed was a set of practical, comprehensive, broadly applicable tools.. I think we have that now, and PrecisionTree is really key components in that set of tools.

Its attraction is its capacity to value complex decisions, which often involve multiple, sequential decision steps

Select the Best Option with Confidence, using PrecisionTree

PrecisionTree helps address complex, sequential decisions by visually mapping out, organizing, and analyzing decisions 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.

What we needed was a set of practical, comprehensive, broadly applicable tools.. I think we have that now, and PrecisionTree is really key components in that set of tools.

Overview

With PrecisionTree, you’ll see the payoff and probability of each possible path through a tree. PrecisionTree functions may be added to any cell in a spreadsheet and can include arguments that are cell references and expressions - allowing great flexibility in defining decision models. PrecisionTree determines the best decision to make at each decision node and marks the branch for that decision TRUE. Once your decision tree is complete, PrecisionTree’s decision analysis creates a full statistics report on the best decision to make and its comparison with alternative decisions. PrecisionTree can create a Risk Profile graph that compares the payoffs and risk of different decision options. It displays probability and cumulative charts showing the probabilities of different outcomes and of an outcome less than or equal to a certain value.

• Works with Microsoft Excel Models
• Visually Map out Decisions
• See All Possible Paths and Chance Events
• Choose the Best Option with Confidence
• Communicate Decision Paths to Others

How PrecisionTree Is Used

PrecisionTree helps make decisions for all kinds of applications, including:

• Resource Management
• Portfolio Selection
• Real Options Analysis
• Exploration and Production

Customer Success Stories

Learn how PrecisionTree has helped analysts and executives improve decision making.

Product Resources

Explore examples and tutorials on how to make PrecisionTree work best for you.

• @RISK and PrecisionTree – Enhanced Decision Trees

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Features To Meet Your Needs

Decision Trees

PrecisionTree allows you to visually understand a decision, identify best options, and communicate results to others. You’ll see the payoff and probability of each possible path through a tree.

100% Excel Integration

How to remove compatibility mode from a word for mac document free. With PrecisionTree, you never leave your spreadsheet, allowing you to work in a familiar environment, and get up to speed quickly.

Full Statistics Reports and Graphs

See results in Risk Profile graphs, sensitivity, tornado, or spider graphs, Policy Suggestion reports, and strategy-region graphs.

Bayesian Revision

“Flip” one or more chance nodes to show probabilities calculated using Bayes’ Rule. This is valuable when the probabilities of a model are not available in a directly useful form. For example: You need to know the probability of an outcome occurring given the results of a particular test. The test’s accuracy may be known, but the only way to determine the probability you seek is to “reverse” a traditional tree using Bayes Rule.

Advanced Features

Set up your decision tree exactly as you need it with logic nodes, reference nodes, linked trees, custom utility functions, and influence diagrams.

Add Decision & Data Analysis with The DecisionTools Suite

Add Decision & Data Analysis with The DecisionTools Suite

The DecisionTools Suite

The complete risk and decision analysis toolkit, including @RISK, PrecisionTree, TopRank, NeuralTools, StatTools, Evolver, RISKOptimizer.

Additional Benefits

Subscription

Your software subscription has you fully covered.

• Free upgrades when new software versions are released
• Full access to Technical Support

Support

Technical Supportis available to help with installation, operational problems, or errors.

• Included with subscription
• Phone, web, or email

Customizable

Leverage the power of PrecisionTree in your own custom application with Palisade Custom Development.

Next Steps

Maintenance

Palisade maintenance plans are designed to cover you when new software versions are released, or if you require help operating the software or resolving errors. Software updates are often released to keep current with changes in Windows, or in Excel or other host applications. Updates may also include bug fixes or minor product enhancements. Major version upgrades are released when new significant new features and/or interface changes are made to the software. Major version upgrades may also include updates to host application compatibility. Technical support is also included with Palisade maintenance. Whether through self-support using our Knowledgebase, via e-mail, or on the phone, Palisade is here to help with installation, operational problems, or error messages.

Benefits of Palisade Maintenance Plans

Free technical support via hotline or email. Technical Support hours are Monday – Friday, 4:00am – 5:00pm (New York time zone). Technical support is available for software installation, resolving software errors, assisting with software operation, and limited model de-bugging. Technical support is not designed for building spreadsheet models from scratch, extensive model de-bugging, or software training. These services may be obtained from our Training and Consulting department.

• Free full version upgrades.
• Unlimited number of incidents for 12 months.
• Unlimited, 24-hour access to Palisade’s online technical support KnowledgeBase—the same source used by Palisade technical support staff. A quick check of the KnowledgeBase often solves the problem in just a few minutes.
• Guaranteed 24 hour or next business day technical support response time.
• Free software maintenance updates & patches, including bug fixes & Windows/Office compatibility updates.
• Access to the Palisade online HelpDesk 24 hours per day, so you can submit new incidents and check the status of open problems.

Easy to Order

A full year of maintenance is included when you purchase your software. Shortly before your maintenance plan expires, renewal notices are sent via e-mail. If you choose not to renew your maintenance plan, none of the above benefits will be available to you. Lapsed maintenance plans may only be renewed at higher prices and with reinstatement fees.

To order or renew your maintenance plan, contact: