SUMMARY
The discussion focuses on solving a linear recurrence relation where the current year's sales are the average of the previous two years' sales, expressed as $$c_{n}=\frac{c_{n-1}+c_{n-2}}{2}$$. The characteristic equation derived from the recurrence is $$2r^2-r-1=0$$, leading to roots $$r=-\frac{1}{2}$$ and $$r=1$$. The closed form of the solution is $$c_{n}=40\left(-\frac{1}{2} \right)^n+90$$, determined using initial values of sales for the first two years.
PREREQUISITES
- Understanding of linear recurrence relations
- Familiarity with characteristic equations
- Knowledge of solving for parameters in closed forms
- Basic algebra for manipulating equations
NEXT STEPS
- Study the derivation of characteristic equations in linear recurrences
- Learn about initial conditions and their role in determining parameters
- Explore more complex recurrence relations and their solutions
- Investigate applications of linear recurrences in real-world scenarios
USEFUL FOR
Students and professionals in mathematics, computer science, and data analysis who are interested in solving recurrence relations and understanding their applications in modeling and forecasting.