Correlation energy refers to the difference between the exact energy of a many-electron system and the energy predicted by the Hartree-Fock method. This term is crucial as it captures the effects of electron correlation, which arise from the interactions between electrons that are not accounted for in a single determinant wavefunction. In computational methods, particularly those that go beyond Hartree-Fock, correlation energy plays a vital role in achieving more accurate results by incorporating these interactions through advanced techniques.
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