How can you optimize numpy array operations for better performance?

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Numpy is a fundamental package for scientific computing in Python, providing support for large, multi-dimensional arrays and matrices, along with a collection of high-level mathematical functions to operate on these arrays. Optimizing Numpy array operations is crucial for data science, where performance can significantly impact the efficiency of data analysis and algorithm execution. By understanding and applying a few key techniques, you can enhance the speed and efficiency of your Numpy-based computations.

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