Midterm Concepts Flashcards
A power series that gives the expansion of a function f (x) in the neighborhood of a point a provided that in the neighborhood the function is continuous, all its derivatives exist, and the series converges to the function.
Taylor Series
Taylor Series is also known as
Taylor Polynomial
is a representation of a function as an infinite sum of terms calculated from the values of its derivatives at a single point.
Taylor Series
is a special case of the Taylor Polynomial, that uses zero as our single point.
Maclaurin Polynomial
The derivative of the function f(x) evaluated at x=a gives the ________ at x=a.
slope of the curve
The integral of the function f(x) over the range x=b to x=c gives the ______ between those points.
area under the curve
In many economic analysis, variables are assumed to be related by sets of
linear equations
provides a clear and concise notation for the formulation and solution of such problems, many of which would be complicated in conventional algebraic notation.
Matrix algebra
The concept of ______ and is based on that of matrix.
determinant
A set of mn numbers (_______), arranged in a rectangular formation (array or table) having m rows and n columns and enclosed by a square bracket [ ] is called m n (‘m by n’) _______
real or complex; matrix
is the ordered pair having as first component the number of rows and as second component the number of columns in the matrix.
Order of a Matrix
In general if m are rows and n are columns of a matrix, then its order is
(m x n)
A matrix consisting of a single row is called a
Rox Matrix or Row Vector
A matrix having single column is called a
Column Matrix or Column Vector
A matrix in which each element is ‘0’ is called a
Null or Zero Matrix