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What is the Relationship between chain rule and implicit differentiation?
Chain rule is a differentiation technique which can be used in either implicit or explicit differentiation, depending upon the problem. On the other hand, implicit differentiation is a differentiation technique, which is used when all x's and y's are on the same side. Example: x squared + y squared = 4xy, in this case, you use implicit differentiation to actually differentiate the equation, and you use the chain rule to differentiate 4xy.
What is the difference between implicit and explicit function?
implicit function is a function in which the dependent variable has not been given "explicitly" in terms of the independent variable. To give a function f explicitlyis to provide a prescription for determining the outputvalue of the function y in terms of the input value x: : :: y = f(x). By contrast, the function is implicit if the value of y is obtained from x by solving an equation of the form: : :: R(x,y) = 0. That is, if it is defined as the level set of a function in two variables: one variable or the other may determine the other, but one is not given an explicit formula for one in terms of the other. Formally, a function f:X→Y is said to be an implicit function if it satisfies the equation : :: R(x,f(x)) = 0 for all x∈X, where R is a function on the Cartesian product X × Y. Every function R defines an isocontour
Explain the difference between a call option and a long position in a futures contract?
The only difference between a long call option and a long futures position is the derivative itself--one of them is an option, the other is a futures contract.
What is the difference between M1 and M2?
What is the difference between M1 and M2?
What is the difference between an offer and acceptance?
difference between offer and acceptance?
