JMF  Vol.4 No.4 , August 2014
Solution of Stochastic Non-Homogeneous Linear First-Order Difference Equations
Abstract: In this paper, the closed form solution of the non-homogeneous linear first-order difference equation is given. The studied equation is in the form: xn = x0 + bn, where the initial value x0 and b, are random variables.
Cite this paper: Kadry, S. and Hami, A. (2014) Solution of Stochastic Non-Homogeneous Linear First-Order Difference Equations. Journal of Mathematical Finance, 4, 245-248. doi: 10.4236/jmf.2014.44021.

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