The method of correlated basis functions (CBF) is applied at the variationa
l level to the transverse Ising model in two and three spatial dimensions (
D = 2, 3). The model consists of Pauli spins arranged on a simple square or
cubic lattice, experiencing nearest-neighbor interactions through their x
components and subject to a transverse field in the 2 direction of strength
lambda. Working at zero temperature, full optimization of a Hartree-Jastro
w trial wave function is performed by solving two Euler-Lagrange equations,
namely a renormalized Hartree equation for the order parameter characteriz
ing the ferromagnetic phase and a paired-magnon equation for the optimal tw
o-spin spatial distribution function. The optimized trial wave function yie
lds a second-order transition with a numerically determined critical coupli
ng of lambda(c) = 3.14 (D = 2) or lambda(c) = 5.10 (D = 3). Numerical resul
ts have been obtained for the magnetization order parameter, the energy per
spin and its potential component, the static structure function at zero wa
ve number, and the magnon energy gap corresponding to a Feynman description
of the elementary excitations. Correlated density matrix theory provides f
or a natural extension of this approach to finite temperature.