method, the composite trapezoidal rule is applied initially, and Richardson's extrapolation technique is used next to improve … the solution. Richardson's extrapolation is the basis of Romberg's integration. Formulas with high-order truncation errors … are created using Richardson extrapolation, which employs an averaging method. Richardson's extrapolation helps the …

Richardson extrapolation (RE) is a commonly used technique in financial applications for accelerating the convergence …