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An alternating series is a series of the form
$$\sum_{i = 0}^{\infty}(-1)^ia_i$$
or
$$\sum_{i = 0}^{\infty}(-1)^{i+1}a_i$$
where $(a_n)$ is a non-negative sequence. Loosely, this is just a series where the terms ``alternate'' between positive and negative.
For convergence issues, see the following entry: alternating series test.
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