I had been taught the formal definition of a limit with quantifiers. For me, it is very hard to follow and I understand very little of it. I was told that: $$\text{If} \ \lim\limits_{x\to a}f(x)=L, \ \text{then:}$$ $$\forall \epsilon, \ (\epsilon > 0) \implies \exists \delta \ (\delta > 0 \ \text{and} \ \forall x, \ ((x\neq a \ \text{and} \ |x-a| < \delta) \implies |f(x)-L| < \epsilon))$$ I have absolutely no idea what this means. I think I get the first part, which is:
"For all $\epsilon$, if $\epsilon > 0$, then there exists a $\delta$ such that $\delta > 0$..."
From that point on I do not get it. I am not sure if what I wrote above is even correct. I am worried that this may be a very important definition to understand and memorize, so I need your help understanding it. A few questions that I have are:
$1$. Where did the $\epsilon$ and the $\delta$ even come from?
$2$. Why does $\epsilon$ and $\delta > 0$?
$3$. What are the absolute value signs for?
I would greatly appreciate some help, thanks!