What are some real-world examples of global minima?

Can you give me some real-world examples of global minima?

Sure! One example is in optimization problems in machine learning, where algorithms seek to minimize loss functions.

What about in physics or engineering?

In physics, global minima can be found in the configuration of molecules, where they settle into the lowest energy state.

Are there examples in economics?

Yes, in economics, global minima can represent the lowest cost of production for goods, optimizing resource allocation.

How do these examples relate to optimization techniques?

They illustrate how optimization techniques, like gradient descent, are used to find these minima in various fields.