I am reading this definition of convex cone and this definition of the convex hull of a finite set of points and I am in trouble in understanding the difference.
Am I right that, given a set of points $x_1,..., x_n$ in $R^m$, convex cone is defined by
$$y \in R^m | y=\sum a_i x_i, a_i \geq 0, i=1,...,n $$
and convex hull same than above but with
$\sum a_i=1$ in supplement ?
Thanks for clarification. A "geometric" example on a 2D dataset would be appreciated
The two are very different in definition. Definitions:
You can see a very big difference in the two definitions in the fact that a convex hull is defined in terms of another set, while "convex cone" is a property that a set can either have or not.
That is, it is possible to take a set, $S$, and ask "is $S$ a convex cone?". This question has a yes or no question, depending on $S$. On the other hand, the question "is $S$ a convex hull" doesn't have a yes or no question. You have to change the question to "Is $S$ a convex hull of $X$" before you can answer it.