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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
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
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