Is there a known general or approximate explicit solution for $\xi$ in $$(1+\xi)^m (1-\xi)^n = C$$ where $m$ and $n$ positive fractions and $C$ being constant?
General solution or approximate solution
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On
First I thought, by deriving the general solution was $\xi=\frac{m-n}{m+n}$.
But for a solution with given $C$, I'd first reformulate the problem to $(1+\xi)(1-\xi)^a=c'$ with $a=n/m>0$ and $c'=c^{\frac{1}{m}}$...
On
Since $m$ and $n$ are fractions, you can take the LCM of their denominators and write $$ \left\{ \matrix{ m = {p \over L}\quad n = {q \over L}\quad \left| {\;p,q,L \in N} \right. \hfill \cr \left( {1 + x} \right)^{\,p} \left( {1 - x} \right)^{\,q} = C^{\,L} \hfill \cr} \right. $$ so that we can always reduce the problem to integral powers.
The approach I deem might work better is the following
Let's change the sign of the second term, so as to have a monic polynomial $$ \bbox[lightyellow] { \left( {x + 1} \right)^{\,p} \left( {x - 1} \right)^{\,q} = \left( { - 1} \right)^{\,q} C^{\,L} = c\quad \left| {\;p,q,L \in N} \right. }\tag{1}$$
Let's then consider that $$ \left( {x + 1} \right)^{\,p} \left( {x - 1} \right)^{\,q} = \left\{ {\matrix{ {\left( {x^{\,2} - 1} \right)^{\,p} \left( {x - 1} \right)^{\,q - p} } & {0 \le q - p} \cr {\left( {x^{\,2} - 1} \right)^{\,q} \left( {x + 1} \right)^{\,p - q} } & {0 < p - q} \cr } } \right. $$
We can therefore concentrate to examine
$$
\left\{ \matrix{
f(x,y) = \left( {x^{\,2} - 1} \right)^{\,s} \left( {y - 1} \right)^{\,t} = c \hfill \cr
y = x \hfill \cr} \right.\quad \left| {\;s,t \in N} \right.
$$
that is
$$
\left\{ \matrix{
y = 1 + \left( {{c \over {\left( {x^{\,2} - 1} \right)^{\,s} }}} \right)^{\,1\,/\,t} \hfill \cr
y = x \hfill \cr} \right.
$$
where it is easy to define the domain of existence according to the sign
of $x^2-1,\; s, \; c, \; t$, and a sketch surely helps to focus the situation.
For example
The sketch clearly indicates that in this case (and for other $s$ and $t$ with same parity) we will have only one solution for positive $c$, and one or three for negative $c$.
It also tells us how we can compute the solution(s) by any of the classical methods of iterative approximations, and where it is appropriate to place the starting point.
On
Let WLOG $$(m,n)\in\mathbb N^2\tag1$$ and $$(1+\xi)^m(1-\xi)^n=C.\tag2$$
So $$m\log(1+\xi)+n\log(1-\xi)=\log C,\quad x\in(-1,1).\tag3$$ Note that $$\lim_{x\to\pm1}LHS(3) = -\infty.$$ Maximum of $LHS(3)$ achieves when $$\dfrac m{1+\xi} -\dfrac n{1-\xi}=0,$$ and that gives $$\xi_m=\dfrac{m-n}{m+n}, \quad \max LHS(2) = \left(\dfrac {2m}{m+n}\right)^m\left(\dfrac {2n}{m+n}\right)^n.$$ Thus, the solution of $(2)$ exists only if $$C \in\left[0,\dfrac{2^{m+n}m^mn^n}{(m+n)^{m+n}}\right].$$ If $\xi\not = \xi_m,$ then there are two solutions of $(2),$ which can be calculated using the iteration formulas $$\xi_0 = -1,\quad \xi_{i+1}=1-C(1+\xi_i)^{-\frac mn}$$ for the less root and $$\xi_0=1,\quad \xi_{i+1}=C(1-\xi_i)^{-\frac nm}-1$$ for the greater root.

THEOREM.
The equation $$ aqx^p+x^q=1\tag 1 $$ admits root $x$ such that $$ x^n=\frac{n}{q}\sum^{\infty}_{k=0}\frac{\Gamma(\{n+pk\}/q)(-q a)^k}{\Gamma(\{n+pk\}/q-k+1)k!}\textrm{, }n>0\tag 2 $$ where $\Gamma(x)$ is Euler's the Gamma function. (Note that the root of $(1)$, for no confusion is given from $(2)$ with $n=1$).
Here the sum $(2)$ is valid for all real numbers $n,p$ and $q$ and for complex $a$ with $$ |a|\leq |p|^{p/q}|p-q|^{(p-q)/q}.\tag 3 $$
$\ldots$ You want to solve the equation $$ (1+\xi)^m(1-\xi)^n=C.\tag 4 $$ Set $1+\xi=x$, then $(4)$ becomes $x^m(1-(x-1))^n=C$ or $x^m(2-x)^n=C$. Hence $x^{m/n}(2-x)=C^{1/m}$ or $2-x=C^{1/m}x^{-m/n}$. Hence $2x^{-1}-1=C^{1/m}x^{-m/n-1}$. Setting $2x^{-1}=y$ we have $y-1=\frac{C^{1/m}}{2^{m/n+1}}y^{m/n+1}$ or $$ -C_1y^A+y=1,\tag 5 $$ where $C_1=-C^{1/m}2^{-m/n-1}$, $A=m/n+1$ and $$ \xi=2/y-1.\tag 6 $$ Hence using $(1),(2)$ we can extract a solution of $(5)$ and hence of $(4)$.