 Quote by fisico30
But to find the taylor series we need the derivatives of the function. and to have the derivatives we need the function itself......
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It's most useful if "x" is "small", and you only need one or two terms to get a good approximation. I have heard (humourously) that all of theoretical physics consists of looking for "small parameters" so they can use Taylor series.
It's also useful if you want to represent a known/unknown function in another form which may cast the problem in a more familiar form.
 Quote by fisico30
Also, we could represent a function is a certain interval of interest by using orthogonal functions (legendre, sines cosines, and any other orthogonal set). Why go with the Taylor series?
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All the various series expansions are potentially useful, and which one to use depends on the situation. For example, in describing sound hitting the ear, some variant of the Fourier series/transform is used most often because it's close to what the ear does.