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A system of equations where the output of one equation is part of the input for another. A simple version of a dynamical system is linear simultaneous equations. Non-linear simultaneous equations are nonlinear dynamical systems.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A series of equations in which the output of one becomes the input of another. One equation may determine a company's earnings for a particular period. The earnings, then, may be put into another equation to determine the earnings per share. This is a simple example of dynamical systems. It may (and often does) include a long string of equations.
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