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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what is the main difference between random forests and decision trees?
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the main difference between random forests and decision trees is that random forests use multiple decision trees to reduce the risk of overfitting by reducing the complexity of the model while also providing a more accurate prediction. in contrast, decision trees use a single decision tree, making them prone to overfitting, which can lead to inaccurate predictions.
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