Approximation: Difference between revisions
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''Maths.'' | ''Maths.'' | ||
1. | 1. | ||
The use of estimation techniques to provide a rough calculation - sufficiently accurate for the given purpose - of a financial or other measure. | The use of estimation techniques to provide a rough calculation - sufficiently accurate for the given purpose - of a financial or other measure. | ||
| Line 5: | Line 6: | ||
2. | 2. | ||
An expression in simpler or more rounded terms of a known financial or other measure, sufficiently accurate for a specified purpose. | An expression in simpler or more rounded terms of a known financial or other measure, sufficiently accurate for a specified purpose. | ||
== See also == | == See also == | ||
* [[Extrapolation]] | * [[Extrapolation]] | ||
* [[Interpolation]] | * [[Interpolation]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 09:33, 27 June 2022
Maths.
1. The use of estimation techniques to provide a rough calculation - sufficiently accurate for the given purpose - of a financial or other measure.
2. An expression in simpler or more rounded terms of a known financial or other measure, sufficiently accurate for a specified purpose.
