A calculation's a deliberate process for transforming one or more inputs into one or more results, with variable change. The term's used in a variety of senses, from the very definite arithmetical calculation using an algorithm 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's a simple algorithmic calculation. Estimating the fair price for financial instruments using the Black-Schole… (More on Calculation)