An influence diagram (Smith 2010) is a Directed ACYCLIC Graph. An influence diagram can be used as a concise representation of the structure of a decision problem (Bayesian Decision Analysis). An influence diagram can contain nodes of three types: Chance nodes which are usually shown as circles and represent random or unknown variables.. Double-click a shape and add a caption to it. Repeat this process to label all the symbols in the chart to complete the influence diagram. Step 3: Save and export the influence diagram. Click the [Save] icon from the Quick Access toolbar at the top-left corner, and save the influence diagram.
Influence diagrams represent both uncertainties and decisions in a single compact graph. They contain both the nature's tree and the decision tree of the older cumbersome method, showing the probabilistic relationships among the uncertainties, the sequencing of the decisions, and the information revealed before each decision is taken.. Influence diagrams are hierarchical and can be defined either in terms of their structure or in greater detail in terms of the functional and numerical relation between diagram elements. An ID that is consistently defined at all levels—structure, function, and number—is a well-defined mathematical representation and is referred to as a well.