Hi,
I heard the only difference between dynamic programming and back tracking is DP allows overlapping of sub problems. (fib(n) = fib(n-1)+ fib (n-2)). Is it right ? Are there any other differences ? Also I would like know some common problems solved using these techniques.
Dynamic problems also requires "optimal substructure".
According to Wikipedia:
Dynamic programming is a method of solving complex problems by breaking them down into simpler steps. It is applicable to problems that exhibit the properties of overlapping subproblems which are only slightly smaller and optimal substructure.
Backtracking is a general algorithm for finding all (or some) solutions to some computational problem, that incrementally builds candidates to the solutions, and abandons each partial candidate c ("backtracks") as soon as it determines that c cannot possibly be completed to a valid solution.
For a detailed discussion of "optimal substructure", please read the CLRS book.
Common problems for backtracking I can think of are:
DP problems:
There are two typical implementations of Dynamic Programming approach: bottom-to-top and top-to-bottom.
Top-to-bottom Dynamic Programming is nothing else than ordinary recursion, enhanced with memorizing the solutions for intermediate sub-problems. When a given sub-problem arises second (third, fourth...) time, it is not solved from scratch, but instead the previously memorized solution is used right away. This technique is known under the name memoization (no 'r' before 'i').
This is actually what your example with Fibonacci sequence is supposed to illustrate. Just use the recursive formula for Fibonacci sequence, but build the table of fib(i) values along the way, and you get a Top-to-bottom DP algorithm for this problem (so that, for example, if you need to calculate fib(5) second time, you get it from the table instead of calculating it again).
In Bottom-to-top Dynamic Programming the approach is also based on storing sub-solutions in memory, but they are solved in a different order (from smaller to bigger), and the resultant general structure of the algorithm is not recursive. LCS algorithm is a classic Bottom-to-top DP example.
Bottom-to-top DP algorithms are usually more efficient, but they are generally harder (and sometimes impossible) to build, since it is not always easy to predict which primitive sub-problems you are going to need to solve the whole original problem, and which path you have to take from small sub-problems to get to the final solution in the most efficient way.
DP allows for solving a large, computationally intensive problem by breaking it down into subproblems whose solution requires only knowledge of the immediate prior solution. You will get a very good idea by picking up Needleman-Wunsch and solving a sample because it is so easy to see the application.
Backtracking seems to be more complicated where the solution tree is pruned is it is known that a specific path will not yield an optimal result.
Therefore one could say that Backtracking optimizes for memory since DP assumes that all the computations are performed and then the algorithm goes back stepping through the lowest cost nodes.