Change estimation using calculus is very powerful. By understanding the relationship between a function and its derivative, we can predict how the function behaves for small changes in \(x\).
This is highly practical in many fields:
- In physics, predicting how position changes with time knowing the velocity function.
- In economics, forecasting cost increases given marginal cost.
- In engineering, estimating stress and strain in materials.
Our example exercise showed how a small change in \(x\) from 0.7 to 0.71 impacts \(f(x)\) using the derivative \(f'(x)\) and linear approximation. The change in \(f(x)\) was effectively estimated as 0.004966.