Examples
Suppose a family wanted to take out the biggest loan that they could afford to pay for. If they set aside $500 dollars a month, the goal-seeking program would try to work out how big a loan the family could afford to take out. Even using simple trial and improvement, a computer could quickly determine that they could not afford $50,000 loan, but could afford a $48,000 loan. It would then repeat the process until it had reached a figure such as $48,476.34, which would give them a monthly repayment as close to, but not exceeding, $500, as possible.
A more efficient method, especially on more complicated calculations, would be for the program to logically work through the argument. By drawing up a simple equation, the program could come to the conclusion that the output equalled one ninety-sixth of the input, and could then multiply the output (or goal) by ninety-six to find the necessary input.
Read more about this topic: Goal Seeking
Famous quotes containing the word examples:
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—Bernard Mandeville (1670–1733)
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“No rules exist, and examples are simply life-savers answering the appeals of rules making vain attempts to exist.”
—André Breton (1896–1966)