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Mindestwert

Mindestwert is a German term that denotes the smallest value that a variable, a set of values, or a function can take within a given context. The word is used across disciplines such as mathematics, statistics, economics, and data analysis to refer to the notion of a lower bound or minimum.

In mathematics, the minimum of a set S is an element m in S such that m

When applied to a function, the minimum value is the smallest value that the function attains over

In data analysis and measurement, the Mindestwert often refers to the smallest observed value in a data

≤
s
for
every
s
in
S.
If
such
an
element
exists,
S
has
a
minimum
or
least
element.
A
set
may
have
no
minimum,
but
still
possess
an
infimum
(greatest
lower
bound),
which
need
not
belong
to
the
set
itself.
The
concepts
of
lower
bound,
infimum,
and
minimum
are
related
but
distinct.
a
specified
domain.
A
function
can
have
a
global
(or
absolute)
minimum
on
its
domain,
or
a
local
minimum
at
points
where
the
function
value
is
smaller
than
at
neighboring
points.
Under
appropriate
conditions,
such
as
continuity
on
a
compact
domain,
a
continuous
function
is
guaranteed
to
achieve
its
minimum.
set
or
sample,
sometimes
used
for
quality
checks
or
as
a
constraint
in
optimization
problems.
The
term
can
be
used
synonymously
with
minimum,
lower
bound,
or
untere
Grenze,
depending
on
the
context.