What is optimization?
A)A statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover.
B)A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.
C)Predictions based on time-series information.
D)A statistical process for estimating the relationships among variables.

Question

Quizplus · Accepted Answer

Optimization is a statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.

What Is Optimization