Calculation

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Calculation

A calculation is a deliberate process for transforming 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 arithmetic

Arithmetic

Arithmetic or arithmetics is the oldest and most elementary branch of mathematics, used by almost everyone, for tasks ranging from simple day-to-day counting to advanced science and business calculations....
al calculation using an algorithm

Algorithm

In mathematics, computing, linguistics and related subjects, an algorithm is a sequence of finite instructions, often used for calculation and data processing....
to the vague heuristics of calculating a strategy in a competition or calculating the chance of a successful relationship between two people.

Multiplying 7 by 8 is a simple algorithmic calculation.

Estimating the fair price for financial instruments

Financial instruments

Financial instruments are cash, evidence of an ownership interest in an entity, or a contractual right to receive, or deliver, cash or another financial instrument....
using the Black-Scholes

Black-Scholes

The term Black?Scholes refers to three closely related concepts:* The #Black?Scholes model is a mathematical model of the market for an Stock, in which the equity's price is a stochastic process....
model is a complex algorithmic calculation.

Statistical estimations of the likely election results from opinion polls also involve algorithmic calculations, but give results that are ranges of possibilities rather than exact answers.

Deciding the best way to build a relationship with a member of the opposite sex may also result from a calculation, but is not definite, predictable, nor even clearly defined.

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Encyclopedia

Arithmetic

Algorithm

Financial instruments

Financial instruments are cash, evidence of an ownership interest in an entity, or a contractual right to receive, or deliver, cash or another financial instrument....
using the Black-Scholes

Black-Scholes

Mathematics

Mathematics is the study of quantity, structure, space, change, and related topics of pattern and form. Mathematicians seek out patterns whether found in numbers, space, natural science, computers, imaginary abstractions, or elsewhere....
senses mentioned above.

To calculate means to ascertain by computing. The English word derives from the Latin

Latin

Latin is an Italic language, historically spoken in Latium and Ancient Rome. Through the Military history of the Roman Empire, Latin spread throughout the Mediterranean and a large part of Europe....
calculus, which originally meant a small stone in the gall-bladder (from Latin calx). It also meant a pebble used for calculating, or a small stone used as a counter in an abacus

Abacus

An abacus, also called a counting frame, is a calculating tool used primarily in parts of Asia for performing arithmetic processes. Today, abacuses are often constructed as a bamboo frame with beads sliding on wires, but originally they were beans or stones moved in grooves in sand or on tablets of wood, stone, or metal....
(Latin abacus, Greek

Greek language

Greek is an Indo-European languages native to the southern Balkan peninsula, the language of the Greek people. It forms an independent branch within Indo-European....
abax). The abacus was an instrument used by Greeks and Romans for arithmetic calculations, preceding the slide-rule and the electronic calculator, and consisted of perforated pebbles sliding on an iron bars.

Calculation

See also