Calculation
A calculation is a deliberate process that transforms one or more inputs into one or more results, with variable change. The term is used in a variety of senses, from the very definite arithmetical calculation of using an algorithm, to the vague heuristics of calculating a strategy in a competition, or calculating the chance of a successful relationship between two people.
For example, multiplying 7 by 6 is a simple algorithmic calculation. Estimating the fair price for financial instruments using the Black–Scholes model is a complex algorithmic calculation.
Statistical estimations of the likely ...more
For example, multiplying 7 by 6 is a simple algorithmic calculation. Estimating the fair price for financial instruments using the Black–Scholes model is a complex algorithmic calculation.
Statistical estimations of the likely ...more
Related Genres
“
Life without numbers is inconceivable for us. How else would we count objects, tell time, calculate prices, and so on? Our scientifically and technically advanced culture simply would not exist without numbers.
”
― A Brain for Numbers: The Biology of the Number Instinct
― A Brain for Numbers: The Biology of the Number Instinct
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The movements of the stars have become clearer; but to the mass of the people the movements of their masters are still incalculable.
[Scene fourteen. Translation by Desmond Vesey, 1960. ‘The present version is a translation of the complete text of the latest German edition, not a stage adaptation.’]
”
― Galileo
― Galileo
