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As mentioned in the Preface, mathematical problems of minimizing (or maximizing) a function often arise in the world of applications as models of decision making. To gain some insight into this relation, without citing a tedious listing of multiple applications of optimization ideas and techniques as presented in a wide range of publications, we shall start with consideration of one particular simple example of such a minimization problem — the problem of fitting a model to some given observed data.
KeywordsObjective Function Decision Rule Wiener Process Unimodal Function Trial Point
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