Walkthrough Expected Monetary Value EMV Calculation in Decision Analysis
#analytics #simulation #riskanalysis #decisiontree #decisionmaking #decisionanalysis This video covers two exercises. Exercise (1): we calculate EMV and discuss how much we should pay for the "perfect" information. Exercise (2): How to read a complex multistage decision tree. 💻 Decision Analysis videos ➡ Intro to Decision Analysis: • Decision Analysis Introduction ➡ Single Stage Decision Rules: • Single Stage Decision Rules in Decision An... ➡ Walkthrough Expected Monetary Value EMV Calculation: • Walkthrough Expected Monetary Value EMV Ca... ➡ Using Palisade's PrecisionTree: • Using PrecisionTree for Decision Analysis ➡ Multistage Decision Problems: • Multistage Decision Problems in Decision A... ➡ Walkthrough Multistage Decision Problems using PrecisionTree: • Walkthrough Multistage Decision Problem us... ➡ EVSI (Expected Value of Sample Information) and EVPI (Expected Value of Perfect Information): • Understanding EVSI and EVPI in Decision An... 💻 Other Business Analytics topics ➡ Introduction to Business Statistics: • Intro to Business Statistics ➡ Linear Regression: • Everything about Linear Regression ➡ Business Simulation (using @Risk): • Business Simulations ➡ Decision Analysis (using PrecisionTree): • Decision Analysis ➡ Linear Programming (using Lingo): • Linear Programming ➡ XLSTAT tutorials: • XLSTAT Tutorials for Business Statistics
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