The resolvent of a closed operator is a crucial mathematical tool that helps in analyzing the properties and behaviors of operators in functional analysis. It is defined as the operator-valued function $(A - ho I)^{-1}$ for complex numbers $ ho$ that are not in the spectrum of the operator $A$, where $A$ is a closed operator and $I$ is the identity operator. The resolvent provides insights into the spectral properties of the operator and helps to determine eigenvalues and eigenvectors.
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