Part 1:Mathematical Modeling
In this part, you will get to know the theory behind mathematical modeling. You will be introduced to the concepts of a mathematical model and how they are relevant in solving a business problem. A mathematical model relies heavily on domain knowledge, the objective of the business case formulated into a mathematical problem, and constraints in the context, while a machine learning (statistical) model relies on data. Mathematical modeling is complementary to machine learning; for some use cases, one is enough, whereas a few others need a blend of the two.
This part has the following chapters: