What are the necessary conditions for convergence of the fixed point iteration algorithm?
One condition I have come across is that if $|g'(x)|<1$ for all $x$ in some interval $[a,b]$ where g is continuously differentiable in [a.b] then the iteration $x_{n+1}=g(x_n)$ converges for any initial guess $x_0 \in [a.b]$. Is this just a sufficient condition, or is it necessary and sufficient?