Why is Picard Iteration Named Fixed Point Iteration?

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SUMMARY

The term "fixed point iteration" refers to a method used in both differential equations and numerical analysis to find fixed points of functions. The Picard iteration method, specifically, is a technique for solving initial value problems in ordinary differential equations. This method is named after Émile Picard, who contributed significantly to the field. The fixed point concept is central to understanding the convergence of iterative methods in these mathematical contexts.

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wasi-uz-zaman
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TL;DR
picard iteration is also known as fixed point iteration
hi, i want to figure out why it is named as fixed point iteration.
 
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