as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the advantages and disadvantages of using a decision tree
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advantages of using a decision tree are that it is simple to understand and explain, allows for the incorporation of new data, and is resistant to outliers. disadvantages of using decision trees are that they can become overly complex, have a tendency to overfit to the data, and are sensitive to changes in the data.
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