Oil & Gas Glossary

Decision Trees​

Confused by multitude of oil & gas data and analytics terms? Get easy-to-understand definitions in our glossary.

What is Decision Trees?

This is a type of algorithm that makes decisions based on a series of questions about the features of the data. Each question is represented by a node, and the answers are branches leading to other nodes or to leaves, which represent the final decision or prediction. Decision trees can handle both categorical and numerical data, making them versatile for many types of tasks.
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Accurate forecast on parent-child developments

In this live webinar, you will learn how Novi’s new algorithm improves model sensitivity for spacing and parent-child scenarios, providing powerful results for previously difficult-to-analyze problems.

Ted Cross, our VP of Product Management, will show you how this update improves spacing and infill scenario analysis without sacrificing model accuracy.