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For example, x ∗ is a strict global maximum point if for all x in X with x ≠ x ∗, we have f(x ∗) > f(x), and x ∗ is a strict local maximum point if there exists some ε > 0 such that, for all x in X within distance ε of x ∗ with x ≠ x ∗, we have f(x ∗) > f(x). Note that a point is a strict global maximum point if and only if ...
For curves, the canonical example is that of a circle, which has a curvature equal to the reciprocal of its radius. Smaller circles bend more sharply, and hence have higher curvature. The curvature at a point of a differentiable curve is the curvature of its osculating circle — that is, the circle that best approximates the curve near this ...
This curve will in general have different curvatures for different normal planes at p. The principal curvatures at p, denoted k 1 and k 2, are the maximum and minimum values of this curvature. Here the curvature of a curve is by definition the reciprocal of the radius of the osculating circle. The curvature is taken to be positive if the curve ...
The maximum point on the curve of PAI is the same as the inflection point on a graph of yield versus time. The inflection point is the point corresponding to the fastest change in yield. When mean annual increment (MAI) and periodic annual increment (PAI) are graphed together, the point in which they intersect is called the biological rotation ...
The four-vertex theorem was first proved for convex curves (i.e. curves with strictly positive curvature) in 1909 by Syamadas Mukhopadhyaya. [8] His proof utilizes the fact that a point on the curve is an extremum of the curvature function if and only if the osculating circle at that point has fourth-order contact with the curve; in general the osculating circle has only third-order contact ...
An asymmetric Laffer curve with a maximum revenue point at around a 70% tax rate, as estimated by Trabandt and Uhlig (2011) [23] In the early 1980s, Edgar L. Feige and Robert T. McGee developed a macroeconomic model from which they derived a Laffer curve. According to the model, the shape and position of the Laffer curve depend upon the ...
a local maximum (maximal turning point or relative maximum) is one where the derivative of the function changes from positive to negative; Saddle points (stationary points that are neither local maxima nor minima: they are inflection points. The left is a "rising point of inflection" (derivative is positive on both sides of the red point); the ...
Fermat's theorem gives only a necessary condition for extreme function values, as some stationary points are inflection points (not a maximum or minimum). The function's second derivative, if it exists, can sometimes be used to determine whether a stationary point is a maximum or minimum.