Definition: Lagrange multiplier technique

Category: Memobust Glossary

In mathematical optimization, the technique of Lagrange multipliers (named after Joseph Louis LAGRANGE) provides a strategy for finding the maxima and minima of a function subject to constraints. https://ec.europa.eu/eurostat/cros/content/memobust-glossary-pdf-file_en
Source:
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
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