April 2015
Intermediate to advanced
340 pages
7h 21m
English
In the preceding section, we discussed some nonlinear models commonly used for studying economics and financial time series. From the model data given in continuous time, the intention is therefore to search for the extrema that could possibly infer valuable information. The use of numerical methods, such as root-finding algorithms, can help us find the roots of a continuous function
such that
, which can either be the maxima or the minima of the function. In general, an equation may either contain a number of roots ...
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