Consider the difference equation below identify the steady, Ask an Expert

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Consider the difference equation below. Identify the steady state/equilibrium points, and determine for each whether the system converges to it or diverges graphically. Also determine the first 20 values if X0=1.2 and X0=2.5 two cases and relate to your graphical analysis.

a) xt= (xt-1-2)^3 + 1.6151

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678023

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