The first derivative \(f'(x)\) = slope = velocity (if position function).
The second derivative \(f''(x)\) = rate of change of slope = concavity / acceleration.
Example: \(s(t) = t^3 - 3t^2\) (position)
\(v(t) = s'(t) = 3t^2 - 6t\)
\(a(t) = s''(t) = 6t - 6\)
Third derivative: rate of change of acceleration (jerk in physics)
Example: position \(s(t) = t^4\)
In ML: higher derivatives appear in Hessian (second-order optimization), Taylor series.