Volume 2, Issue 4, December 2017, Page: 125-131
On Recurrence Relations and Application in Predicting Price Dynamics in the Presence of Economic Recession
Philip Ajibola Bankole, Department of Mathematics, University of Ibadan, Ibadan, Nigeria
Ezekiel Kadejo Ojo, Department of Mathematics, Adeniran Ogunsanya College of Education, Otto/Ijanikin, Nigeria
Mary Olukemi Odumosu, Department of Mathematics, Adeniran Ogunsanya College of Education, Otto/Ijanikin, Nigeria
Received: Feb. 26, 2017;       Accepted: Mar. 27, 2017;       Published: Jun. 8, 2017
DOI: 10.11648/j.dmath.20170204.12      View  1561      Downloads  102
Abstract
Recurrence relations is one of the fundamental Mathematical tools of computation as most computational tasks rely on recursive techniques at one time or the other. In this paper, we present some important theorems on recurrence relations and give more simplified approach of determining an explicit formula for a given recurrence relation subject to specified boundary values (initial conditions). We recursively apply Recurrence Relation technique to model Economic wealth decay as a result of recession. We show both numerical computation and graphical representation of our simple model and analysis of market price dynamics due to Economic recession.
Keywords
Recurrence Relations (RR), Price Dynamics, Economic Recession
To cite this article
Philip Ajibola Bankole, Ezekiel Kadejo Ojo, Mary Olukemi Odumosu, On Recurrence Relations and Application in Predicting Price Dynamics in the Presence of Economic Recession, International Journal of Discrete Mathematics. Vol. 2, No. 4, 2017, pp. 125-131. doi: 10.11648/j.dmath.20170204.12
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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