Approximate solutions to more complex equations can be found using a process called iteration. Iteration means repeatedly carrying out a process. To solve an equation using iteration, start with an ...
This article describes three approximation methods I used to solve the growth model (Model 1) studied by the National Bureau of Economic Research's nonlinear rational-expectations-modeling group ...
A new iterative method is presented for solving finite difference equations which approximate the steady Stokes equations. The method is an extension of successive-over-relaxation and has two ...
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