The rate of convergence refers to the speed at which a sequence approaches its limit or solution, particularly in the context of iterative optimization algorithms. It is a crucial factor that determines how efficiently an algorithm can find an optimal solution, influencing both the computational cost and the number of iterations required. Understanding the rate of convergence helps in assessing the effectiveness of different optimization methods and identifying potential implementation issues.
congrats on reading the definition of rate of convergence. now let's actually learn it.