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Abstract

Equations and formulae used so far have been adequate for simple business problems. But some more complicated problems, especially those of dynamic economics, need difference equations, using differences of the kind produced in Example 2.1 (a) and (b) on page 20 as shown below.

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© 1977 Alexander E. Innes

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Innes, A.E. (1977). Difference Equations. In: Business Mathematics by Example. Palgrave, London. https://doi.org/10.1007/978-1-349-15811-9_3

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