What is a forward finite difference derivative?
The change in an output as a result of a change in an input, as determined by x + Delta X.
What is a Taylor Series Expansion (TSE)?
The means by which an approximation can be made using derivatives.
What is Delta X?
The amount by which a variable is perturbed.
What is Monte Carlo simulation?
The process by which one develops a pdf based on x measurements.
What is three?
The number of calculations required for a central finite difference.