Glossary

Critical Point

A point on a curve where the first derivative is equal to zero.

Derivative

The slope of a function at a particular point. It is the limit of the change in Y over the change in X as the change in X approaches 0.

Local Maximum

The highest point in the neighborhood around a point.

Local Minimum

The lowest point in the neighborhood around a point.

Point of Inflection

A point on a curve where the first derivative is equal to zero, but the point is neither a maximum nor a minimum.

Second Derivative

The derivative of the first derivative.

Slope

The slope of a line is the change in the Y value divided by the change in the X value.

Get Quantitative Analysis for Management, 13/e now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.