The series $\sum_{n=0}^\infty \frac{(x^2-5)^n}{2^n}$ can be expressed as the following geometric series: $$\sum_{n=0}^\infty \left(\frac{x^2-5}{2}\right)^n.$$ This series should converge if $$\left|\frac{x^2-5}{2}\right|<1.$$ This gives the possible values of $x$ to lie in the range $$(-\sqrt7,-\sqrt3) \cup (\sqrt3,\sqrt7).$$ This would mean that the above series is not a power series as a power series cannot have any discontinuities in its interval of convergence. However the series can be rewritten in the following form: $$\sum_{n=0}^\infty \frac{((x-\sqrt5)(x+\sqrt5))^n}{2^n}$$ which can further be rewritten as $$\sum_{n=0}^\infty \frac{((x-\sqrt5)^2+2\sqrt5(x-\sqrt5))^n}{2^n}.$$ This final series can be rewritten in the form $$\sum_{n=0}^\infty a_n(x-\sqrt5)^n$$ by using the binomial expansion. According to the definition, a power series is any series of the form $$\sum_{n=0}^\infty a_n(x-c)^n.$$ This would mean that the above series is a power series with center $\sqrt5$. Thus there appears to be a contradiction which I am not able to resolve.
Is $\sum_{n=0}^\infty \frac{(x^2-5)^n}{2^n}$ a power series?
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A power series is any series of the form $$\sum_{n} a_{n} \, (x-b)^n$$ which leads to saying the series in question is not a power series.
The two forms $$\sum_{n=0}^{\infty} \left(\frac{x^2 - a^2}{b}\right)^n \quad \text{and} \quad \sum_{n=0}^{\infty} \frac{1}{b^n} \, ( (x - a)^2 + 2 a \, (x-a) )^n$$ provide the same result seen as follows: $$ \sum_{n=0}^{\infty} \left(\frac{x^2 - a^2}{b}\right)^n = \frac{b}{b + a^2 - x^2}$$ and \begin{align} \sum_{n=0}^{\infty} \frac{1}{b^n} \, ( (x - a)^2 + 2 a \, (x-a) )^n &= \sum_{n=0}^{\infty} \sum_{k=0}^{n} \binom{n}{k} \, \frac{(2 a)^k}{b^n} \, (x-a)^{2n-k} \\ &= \sum_{n=0}^{\infty} \sum_{k=0}^{\infty} \binom{n+k}{k} \, \frac{(2 a)^k}{b^{n+k}} \, (x-a)^{2n+k} \\ &= \sum_{n=0}^{\infty} \frac{(x-a)^{2n}}{b^n} \, \sum_{k=0}^{\infty} \binom{n+k}{k} \, \frac{(2 a (x - a))^k}{b^k} \\ &= \sum_{n=0}^{\infty} \frac{(x-a)^{2n}}{b^n} \, \frac{b^{n+1}}{(b + 2 a^2 - 2 a x)^{n+1}} \\ &= \frac{b}{b + 2 a^2 - 2 a x} \, \sum_{n=0}^{\infty} \left(\frac{(x-a)^2}{b + 2 a^2 - 2 a x}\right)^n \\ &= \frac{b}{b + a^2 - x^2}. \end{align} This is an indicator that both forms do not fit the definition of a power series. This form brings into question the definitions of double sums where the coefficients are not strictly constants.
In general: For any power series, one of the following is true:
- The series converges only for $x=0$
- The series converges absolutely for all $x=x_{0}$
- The series converges absolutely for all $x$ in some finite open interval $(-R,R)$ and diverges if $x<-R$ or $x>R$. At the points $x=R$ and $x=-R$, the series may converge absolutely, converge conditionally, or diverge.
Notes Use was made of \begin{align} \sum_{n=0}^{\infty} \sum_{k=0}^{n} B(n,k) &= \sum_{n=0}^{\infty} \sum_{k=0}^{\infty} B(n+k,k) \\ \sum_{k=0}^{\infty} \binom{n+k}{k} \, t^k &= \frac{1}{(1-t)^{n+1}} \end{align} to demonstrate the second series equals the first series when evaluated.
If that series converges, then its sum will be equal to the sum of the original series on some interval centered at $\sqrt5$, yes. But its region of convergence might be, say, $\left(\sqrt3,2\sqrt5-\sqrt3\right)$.
Here's a similar situation: $\sum_{n=0}^\infty x^n=\frac1{1-x}$ when $x\in(-1,1)$. But if you write $x$ as $\left(x-\frac12\right)+\frac12$ and you expand this, then you will get a power series centered at $\frac12$ which also converges to $\frac1{1-x}$, but only when $x\in(0,1)$.