Taylor/Maclaurin Series Methods
• Taylor series always exists for the type
of transformations considered.
- Very useful for derivations,
- Can be used to get theoretical error bounds,
- ERM parameters embedded as variables,
- Power series can be inverted to yield the inverse function.
- Successive terms get very complex and hard to derive,
- Truncation error tends to grow rapidly away from expansion point,
- Almost always not as efficient as curve fitting or direct approximation.