The existence of sufficient genetic variability and knowing the suitable selection criterion ranges are indispensable requirements of breeding studies. This study aimed to explore genetic diversity in ten F2 populations (heterozygous–heterogeneous), five parents, and three commercial check cultivars by multivariate methods and to predict useful selection ranges using a decision tree model for further breeding studies. Hybridizations were made in 2019, F1 populations were grown, and F2 seeds were obtained in 2020. Genotypes were grown according to an Augmented Randomized Complete-Block Design in 2021 at Aydın Adnan Menderes University Faculty of Agriculture. Results revealed considerable genetic diversity and transgressive segregation in key characteristics across the F2 populations. Seed yields of F2 plants are higher than those of the parents. The seed protein and oil content of the F2 plants were not different from the parents and commercial checks. Higher phenotypic than genotypic variance indicated a high influence of environment on the inheritance of all studied characteristics. The highest broad heritability was observed in the number of shattered pods per plant (94.81 %) and the lowest in infertile pods per plant (2.16 %). Seed yield showed a significant and positive genotypic correlation with the number of fertile pods per plant (0.61**) and a significant negative association with the number of fertile branches per plant (−0.53**). Principal component analysis (PCA) of 14 quantitative characteristics showed that soybean genotypes separated by the first four components contributed 71.12 % of total genetic variation, with important yield-attributing characteristics present in PC1 and PC3, while important seed quality characteristics were noted in PC2. The decision tree model indicated that genotypes with high yield and optimum quality could be obtained by selecting the number of fertile pods 87–119 per plant and a hundred-seed weight greater than 14.55 g.