What is the difference between vector-valued functions and parametric equations?
Solution 1:
The difference is that a parametrization has some extra properties. A vector valued function is a map $$f:U\subset\mathbb R^m\to V\subset\mathbb R^n$$
And parametric equations for a [portion of a] submanifold $M$ in Euclidean space (it's rare to parametrize things other than manifolds) is a map $$\varphi:U\subset\mathbb R^m\to M\subset\mathbb R^n$$ Where:
- $U$ is open
- $\varphi$ is a homeomorphism onto its image
- $\operatorname{rank}D\varphi = m$ everywhere
What we could say then, is that a parametrization is always in the form of a vector valued function, but conversely, we use vector valued functions with nice properties to parametrize varieties.
Solution 2:
They are basically the same (different ways of expressing the same idea).
In the equation below, the LHS is a vector-valued function, and the RHS is a parametric form of the same function.
$$\vec{v} = \pmatrix{\sin{(t)} \\ \cos{(t)} \\ t} \equiv \matrix{x(t) = \sin{(t)} \\ y(t) = \cos{(t)} \\ z(t) = t}$$