An exact solution means that no approximation methods were used. MOST differential equations do not have exact, analytic solutions that you could write out as say, [itex]f(x) = Ae^{kx^2} + Bx^2[/itex]; some nice simple function that works for all 'x'. Most equations require you to make assumptions about parts of the differential equation such as having to assume 'x' is much greater than some constant in the problem or that various values in the differential equation have certain realistic properties that make the equation solvable using approximate solutions. This is a quick answer as I don't have much time but there's other examples.