A common problem in mathematics is that we don't actually know how to calculate certain functions. For example, it's not too easy to calculate sin(1) - while we can look up its value in a table, or draw a triangle and perform measurements, these solutions aren't ideal. To solve this problem, mathematicians like to develop very good approximations to these functions - related functions which are very close to the function of interest, but much easier to calculate.
A similar problem is that of "predicting the future." It makes sense, intuitively, that if I've just thrown a ball, and I know its position, velocity, acceleration, the rate of change of its acceleration, and so on forever, I should be able to predict exactly where it lands. But how to actually do this isn't yet clear.
Probably the easiest functions to calculate are the polynomials - sums of powers of x, with some coefficients. Since these involve only addition and multiplication, we can generally compute these with ease. It'd be nice, then, if we could approximate functions like sin with polynomials! Taylor series, and more generally Taylor's theorem, allow us to do just that!
An example is below. The function sin(x) is plotted below in red, along with various polynomial approximations (in blue, green and orange).
In the next few sections, you'll learn how to calculate these approximations!