If you keep plugging values into x in the positive direction, then you have to see where y goes. y should approach \(\displaystyle -\dfrac{1}{4}\) according to this method.
Which is exactly what your book says, right?
[FONT=MathJax_Main]lim[/FONT] as [FONT=MathJax_Math]x[/FONT] approaches infinity \(\displaystyle \dfrac{x^2 - 4}{2 + x - 4x^2}.\)
The page says the answer is \(\displaystyle -\dfrac{1}{4}\)
\(\displaystyle f(10,000) = \dfrac{10,000^2 - 4}{2 + 10,000 - 4 * 10,000^2} = \dfrac{100,000,000 - 4}{10,002 - 4 * 100,000,000} = \dfrac{99,999,996}{-399,989,998} = -0.250006 \approx - \dfrac{1}{4}.\)
If this is not close enough to -1/4 to satisfy you, pick a bigger number, say x = 1,000,000. The delta-epsilon method is just a way to make this experimental approach rigorous.
What chalaman and stapel have told you is the simplest and quickest method to deal with the limit of a rational function as its argument approaches infinity, but I am not sure that the method is more intuitive until you understand the general reasoning behind it.
Suppose f(x) is the ratio of two polynomials. That is:
\(\displaystyle f(x) = \dfrac{\displaystyle \sum_{i = 0}^ma_ix^i}{\displaystyle \sum_{i = 0}^nb_ix^i},\ a_m \ne 0,\ b_m \ne 0,\ m,\ n \in \mathbb I^+.\)
Now there are three possible cases. m = n. m > n. Or m < n.
\(\displaystyle m = n \implies f(x) = f(x) * 1 = f(x) * \dfrac{\frac{1}{x^n}}{\frac{1}{x^n}} = f(x) * \dfrac{\frac{1}{x^m}}{\frac{1}{x^n}} = \dfrac{\displaystyle a_m + \sum_{i = 0}^{m - 1}a_ix^{(i - m)}}{\displaystyle + b_m + \sum_{i=0}^{m-1}b_ix^{(i - m)}} \implies\)
\(\displaystyle \displaystyle \lim_{x \rightarrow \infty}f(x) = \dfrac{a_m}{b_m}\) because the limit of each element of the two sums, and therefore the limit of each sum, approaches zero.
Using similar logic, you should be able to work out that:
\(\displaystyle m > n \implies \displaystyle \lim_{x \rightarrow \infty}f(x) = \infty.\)
\(\displaystyle m < n \implies \displaystyle \lim_{x \rightarrow \infty}f(x) = 0.\)
This takes us back to stapel's and chalaman's original posts, and the fundamental logic behind it was given in pka's original post.