In this paper, we provide a representation theory for the Feynman operator
calculus. This allows us to solve the general initial-value problem and
construct the Dyson series. We show that the series is asymptotic, thus proving
Dyson's second conjecture for QED. In addition, we show that the expansion may
be considered exact to any finite order by producing the remainder term. This
implies that every nonperturbative solution has a perturbative expansion. Using
a physical analysis of information from experiment versus that implied by our
models, we reformulate our theory as a sum over paths. This allows us to relate
our theory to Feynman's path integral, and to prove Dyson's first conjecture
that the divergences are in part due to a violation of Heisenberg's uncertainly
relations