Approximation

Definition

An approximation is an estimate or close value that is not exact but provides a reasonable representation of something. It involves finding values that are close enough to be useful while acknowledging some degree of error.

Related terms

Error Bound:

An error bound refers to an upper limit on how much an approximation can deviate from its exact value.

Rounding: Rounding involves approximating numbers by replacing them with simpler or more convenient values while considering their place value.

Taylor Series Expansion: A method used to approximate functions by representing them as infinite sums of terms involving powers of variables.