What are optimization algorithms and how do they work?

What are optimization algorithms and how do they work?

Optimization algorithms are methods used to find the best solution from a set of possible solutions. They work by iteratively improving candidate solutions based on certain criteria.

Can you give me an example of an optimization algorithm?

Sure! One common example is the Gradient Descent algorithm, which is used to minimize a function by iteratively moving towards the steepest descent.

What are some applications of optimization algorithms?

Optimization algorithms are widely used in various fields such as machine learning, operations research, finance, and engineering to improve decision-making and resource allocation.

How do I choose the right optimization algorithm for my problem?

Choosing the right optimization algorithm depends on factors like the nature of your problem, the size of the solution space, and whether the function is convex or non-convex.