Compose a 1750 words essay on Linear and Non Linear Programming. Needs to be plagiarism free!
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Regression, for example, may help the manager to forecast his sales based on past record, but he must make sure that the user of his product has not undergone any changes in taste and preference. Therefore, an econometric model may prove a better aid than pure mathematics and statistics.
In linear programming, the statement of the optimisation (maximisation or minimisation, as the case may be) problem runs in a linear form where these variables are restricted to values satisfying a system of linear constraints, i.e., a system of linear equations, and linear inequalities.