In numerical methods, particularly when using Euler's Method, the term y_n represents the approximate value of the solution to a differential equation at a specific point n along the interval. This value is calculated iteratively, where each y_n is derived from the previous value, y_{n-1}, along with the slope determined by the derivative of the function. Essentially, y_n acts as a stepping stone that allows for an approximation of the true solution of the differential equation over discrete intervals.