Applications of higher-order optimal Newton secant iterative methods in ocean acidification and investigation of long-run implications of CO₂ emissions on alkalinity of seawater
Summary: The Newton secant method is a third-order iterative nonlinear solver. It requires two function and one first derivative evaluations. However, it is not optimal as it does not satisfy the Kung-Traub conjecture. In this work, we derive an optimal fourth-order Newton secant method with the same number of function evaluations using weight functions and we show that it is a member of the King family of fourth-order methods. We also obtain an eighth-order optimal Newton-secant method. We prove the local convergence of the methods. We apply the methods to solve a fourth-order polynomial arising in ocean acidifications and study their dynamics. We use the data of \(CO_{2}\) available from the National Oceanic and Atmospheric Administration from 1959 to 2012 and calculate the pH of the oceans for these years. Finally we further investigate the long-run implications of \(CO_{2}\) emissions on alkalinity of seawater using fully modified ordinary least squares (FMOLS) and dynamic OLS (DOLS). Our findings reveal that a one-percent increase in \(CO_{2}\) emissions will lead to a reduction in seawater alkalinity of 0.85 percent in the long run.
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