What is optimization?
A) A statement about what will happen or might happen in the future such as 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 refers to the process of making a system, design, or decision as effective as possible. This involves finding the optimal values of controllable variables that lead to the desired outcome, such as maximizing productivity or minimizing waste.

What Is Optimization