Numerical Methods are techniques used to obtain approximate solutions to mathematical problems that cannot be solved exactly. These methods are essential in various fields such as engineering, physics, and finance, where complex equations often arise. By using algorithms and computational techniques, Numerical Methods allow for the analysis and simulation of real-world phenomena.
Common Numerical Methods include methods for solving linear and nonlinear equations, numerical integration, and differential equations. These methods help in optimizing processes and making predictions, thus playing a crucial role in scientific research and technological advancements.