Optimization Decisions are made based on preferences. Either it is to minimize the monthly expense for a person living with a tight budget or to maximize the revenue of a restaurant for a business owner, we need to consider our preference or criteria (minimize or maximize) to form a solution. This process is called optimization…
In the previous post, we have discussed about how interpolation works in general and reviewed a few commonly used interpolation methods. All these methods only consider the adjacent a few points. This works fine most of the time. However, in reality, data points further away from the interpolation point may also have some impact on…
Machine learning is a data analysis technique that builds a model with the data and uses the model to predict. It learns from the data, identifies patterns and produces reliable predictions that help with decision making. As modern computational techniques advance, machine learning becomes more and more popular. There are two major groups of learning…
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