An equation of the form \(y = mx + c\) where \(m\) and \(c\) are numbers, gives a straight line when values of \(x\) and corresponding values of \(y\) are plotted on a grid. A straight line is a ...

Quadratic graph lines are U- or Ո-shaped, which is called a parabola. A linear graph can be drawn using only three points. A quadratic graph is a curve, so more points are plotted to support accuracy.

This article studies the accuracy of two versions of Kydland and Prescott's (1980, 1982) procedure for approximating optimal decision rules in problems in which the objective fails to be quadratic and ...