On polynomial interpolation in the monomial basis

In this paper, we show that the monomial basis is generally as good as a well-conditioned polynomial basis for interpolation, provided that the condition number of the Vandermonde matrix is smaller than the reciprocal of machine epsilon. This leads to a practical algorithm for piecewise polynomial interpolation over general regions in the complex plane using the monomial basis. Our analysis also yields a new upper bound for the condition number of an arbitrary Vandermonde matrix, which generalizes several previous results.