Understanding Equations

An equation is a defined series of statements that can calculate amounts or check criteria. In general, an equation is most often used to return one of the following items:

1. A True or False result. This is an equation that checks to determine whether certain criteria are met.

2. An amount. This is a calculation equation that results in a numeric value.

Equations can:

• Use algebraic statements.

• Use Boolean conditional statements.

• Look up information in tables.

• Update information in tables.

• Branch or link to another equation.