BigDecimal.valueOf in Java Explained

In Java, the purpose of the BigDecimal.valueOf method is to convert a primitive data type or a string into a BigDecimal object. This method is a static factory method that can be directly called using the class name. It will appropriately convert the input parameter based on its type. By using the BigDecimal.valueOf method, potential precision loss issues when using the BigDecimal constructor can be avoided. This method also provides a simple way to create a BigDecimal object with a specific value.