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Which of the following describes how decision trees are used to make real option decisions? Solving the problem by starting at the very first time

Which of the following describes how decision trees are used to make real option decisions?
Solving the problem by starting at the very first time period and then moving forward in time until the last decision is reached
Solving the problem by starting at the last time period and then moving back in time until current decision is reached
Solving the problem by starting in the middle and moving first back in time and last forward in time depending on the information revealed
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