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Modeling Decisions with Multiple Criteria Decision-Making

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Life is complicated. We’re often forced to make decisions where several different criteria come into play, and it often seems unclear which criterion should have priority. Mathematicians, being mathematicians, have come up with quantitative approaches that you can use for decision support whenever you have several criteria or alternatives on which to base your decision. You see those approaches in Chapter 3, where I talk about neural networks and deep learning — another method that fulfills this same decision-support purpose is multiple criteria decision-making (or MCDM, for short).

Data Science For Dummies

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