How can differentiating $y' = f(x,y)$ tell you whether Euler's answer is too high or too low, without ever solving it?
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Euler too high or too low from curvature
Record that a convex solution curve makes Euler too low and a concave curve makes Euler too high, with the geometric picture of the broken line cutting the corner across successive parallel line elements.
Convexity as the sign of
State that convex means and concave means , reducing the question to the sign of the second derivative at the starting point.
Getting from the equation by differentiating
Show how to differentiate using the chain rule and evaluate at the initial point, working through to get .
Reliability only nearby
Note the caveat that the curve may later switch from convex to concave, so the too-low or too-high conclusion holds only while the approximation stays near the starting point.