Algorithm and Calculation

noun

• A precise rule (or set of rules) specifying how to solve some problem.
  • synonyms: algorithmic rule, algorithmic program

• (n.) The art of calculating by nine figures and zero.
• (n.) The art of calculating with any species of notation; as, the algorithms of fractions, proportions, surds, etc.

Algorithm is a complex mathematical model. In credit scoring, it is used to compare data in millions of credit reports and predict a person's likelihood to repay debts.

noun

• The procedure of calculating; determining something by mathematical or logical methods.
  • synonyms: computation, computing
• Problem solving that involves numbers or quantities.
  • synonyms: computation, figuring, reckoning
• Planning something carefully and intentionally.
  • usage: "it was the deliberation of his act that was insulting"
  • synonyms: deliberation

• (n.) The act or process or the result, of calculating; computation; reckoning, estimate.
• (n.) An expectation based on circumstances.