This article studies the accuracy of two versions of Kydland and Prescott's (1980, 1982) procedure for approximating optimal decision rules in problems in which the objective fails to be quadratic and ...
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 ...
Dr. James McCaffrey presents a complete end-to-end demonstration of linear regression with two-way interactions between ...
The circumference of a sphere is measured to be 24 cm, with a possible error of 0.25 cm. Use the differential \(dV\) to estimate the maximum error in the calculated ...
A function machine is a way of writing rules using a flow diagram. The equation \(3j - 6 = 9\) can be shown on a function machine by writing out the functions that have been applied to \(j\) in the ...
The area \(A\) of a square of side length \(s\) is \(A=s^2\text{.}\) Suppose \(s\) increases by an amount \(\Delta s=ds\text{.}\) Draw a square and then illustrate ...
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