A Decision Tree Algorithm Based Rule Induction Framework: An Approach to Knowledge Mining for Risk Assessment and Product Estimation

This paper presents an analytical view giving insights of the need for Product Estimation and Risk Assessment. The paper focuses on the need of product estimation and assessment. The paper discusses a Case Based Reasoning and Assertion technique using a questionnaire. Researchers have compiled a list of questions that have been discussed in several researches. A simple questionnaire format has been discussed here which has been obtained from related literature reviews. We have chosen here one of the most popular algorithm for knowledge mining and classification. Several Decision Tree algorithms have been discussed here on the basis on splitting criteria and pruning methodologies. Data is trained using Decision Tree algorithm and used to obtain the results.