Abstract
We propose two new definitions of the exponential function on time scales. The first definition is based on the Cayley transformation while the second one is a natural extension of exact discretizations. Our exponential functions map the imaginary axis into the unit circle. Therefore, it is possible to define hyperbolic and trigonometric functions on time scales in a standard way. The resulting functions preserve most of the qualitative properties of the corresponding continuous functions. In particular, Pythagorean trigonometric identities hold exactly on any time scale. Dynamic equations satisfied by Cayley-motivated functions have a natural similarity to the corresponding differential equations. The exact discretization is less convenient as far as dynamic equations and differentiation are concerned.
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