Economic Insights-Trends and Challenges Using the Method of Decision Trees in the Forecasting Activity

Cornel Lazăr, Mirela Lazăr
One of the major management problems is represented by substantiating decisions, given the fact that there is no sufficient amount of statistical information. In these situations, one can successfully use a simple and rapid method of analysis and forecasting, such as the method of decision trees. This paper intends to present the technical and methodological aspects of this method in the forecasting activity and its applicability through a case study, following the example of Petroleum-Gas
more » ... Petroleum-Gas University of Ploieşti. The study points out that in the case of Petroleum-Gas University of Ploieşti, in order to future increase the total incomes, it is necessary to establish measures that are essentially aimed towards incomes obtained from own resources.