Book Image

The Statistics and Calculus with Python Workshop

By : Peter Farrell, Alvaro Fuentes, Ajinkya Sudhir Kolhe, Quan Nguyen, Alexander Joseph Sarver, Marios Tsatsos
5 (1)
Book Image

The Statistics and Calculus with Python Workshop

5 (1)
By: Peter Farrell, Alvaro Fuentes, Ajinkya Sudhir Kolhe, Quan Nguyen, Alexander Joseph Sarver, Marios Tsatsos

Overview of this book

Are you looking to start developing artificial intelligence applications? Do you need a refresher on key mathematical concepts? Full of engaging practical exercises, The Statistics and Calculus with Python Workshop will show you how to apply your understanding of advanced mathematics in the context of Python. The book begins by giving you a high-level overview of the libraries you'll use while performing statistics with Python. As you progress, you'll perform various mathematical tasks using the Python programming language, such as solving algebraic functions with Python starting with basic functions, and then working through transformations and solving equations. Later chapters in the book will cover statistics and calculus concepts and how to use them to solve problems and gain useful insights. Finally, you'll study differential equations with an emphasis on numerical methods and learn about algorithms that directly calculate values of functions. By the end of this book, you’ll have learned how to apply essential statistics and calculus concepts to develop robust Python applications that solve business challenges.
Table of Contents (14 chapters)
Preface

Using Derivatives to Solve Optimization Problems

In many applied problems, we're looking for an optimal point, where the error is lowest, for example, or the profit is highest. The traditional way is to model the situation using a function, find the derivative of the function, and solve for the input that makes the derivative zero. This is because the derivative is zero at local minima and maxima, as shown in the following figure:

Figure 10.21: A cubic function and the points we want to find

The function we're given in the figure is f(x) = x3 - 2.8x2 + 1.2x + 0.85. We're interested in finding the local maximum, point A, and the local minimum, point B. We would have to differentiate the function and solve the resulting equation by hand. But using a computer, we can simply start at a value of x on the left of the grid and take small steps, checking f(x) until we get a change in direction. To do that, we can use our derivative function to check...