itertools.accumulate() versus functools.reduce()
It seems that accumulate keeps the previous results, whereas reduce (which is known as fold in other languages) does not necessarily.
e.g. list(accumulate([1,2,3], operator.add)) would return [1,3,6] whereas a plain fold would return 6
Also (just for fun, don't do this) you can define accumulate in terms of reduce
def accumulate(xs, f): return reduce(lambda a, x: a + [f(a[-1], x)], xs[1:], [xs[0]])
You can see in the documentation what the difference is. reduce returns a single result, the sum, product, etc., of the sequence. accumulate returns an iterator over all the intermediate results. Basically, accumulate returns an iterator over the results of each step of the reduce operation.
itertools.accumulate is like reduce but returns a generator* instead of a value. This generator can give you all the intermediate step values. So basically reduce gives you the last element of what accumulate will give you.
*A generator is like an iterator but can be iterated over only once.