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FAQ:
Q: Is artificial intelligence the future of business decision making?
A: Considering the rapid advancement in the field of artificial intelligence, it would be no wrong to say that the technology is the future of decision making for both the businesses and consumers. The technology helps businesses to make informed decisions that lead to the growth and success.
Q: What is a decision network?
A: A decision network extends the single-stage decision networkto allow for sequential decisions. In particular, a decision networkisa directed acyclic graph (DAG) with chance nodes, decision nodes, and a utility node. This extends single-stage decision networks by allowing both chance nodes and decision nodes to be parents of decision nodes.
Q: How can Ai be used in decision making?
A: AI decision making in resolving problems AI-based systems can be a problem-solver by answering or resolving customers’ queries using an expert thinking process. Such systems can imitate reasoning methods and knowledge of the professionals to assess the intent of the query and respond with a solution.
Q: How do AI agents make decisions under uncertainty?
A: An AI agent uses decision networks to make decisions under uncertainty. The following computations affect the decision making process and are important in arriving at an optimal decision while using decision networks: Various types of nodes of decision network are chance nodes, decision nodes and utility nodes.