What are the benefits of memoization?

What are the benefits of memoization?

Memoization is a technique that helps optimize functions by caching their results. This can significantly improve performance, especially for functions that are called frequently with the same arguments.

Can you give me an example of how it works?

Sure! For instance, in a Fibonacci sequence calculation, without memoization, the function recalculates values multiple times. With memoization, once a value is computed, it's stored, so future calls can retrieve it instantly.

Are there any downsides to using memoization?

Yes, while memoization can improve speed, it uses additional memory to store results. If the function has a large number of unique inputs, it might lead to high memory consumption.

In which scenarios is memoization most beneficial?

Memoization is particularly beneficial in scenarios involving recursive functions, dynamic programming, or any function with expensive computations that are called repeatedly with the same parameters.