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Solving the Nonlinear Economic Equations by Modified Newton Method

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  • Josip Matejaš Martina Nakiæ

    (Faculty of Economics, University of Zagreb, Zagreb, Croatia)

Abstract

SIn this paper two ways how to modify the Newton method for solving general equation are presented. The modifications accelerate convergence of the existing method. The modified methods are useful for application to many economic functions and problems.

Suggested Citation

  • Josip Matejaš Martina Nakiæ, 2009. "Solving the Nonlinear Economic Equations by Modified Newton Method," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 12(1), pages 109-125, May.
    • Handle: RePEc:zag:zirebs:v:12:y:2009:i:1:p:109-125
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