Here is the matrix:
[ [ 0, 1 ] * [a, b] = [b, a + b] [ 1, 1 ] ]
Thus `[0, 1; 1, 1]^n * [1, 1]' computes Fibonacci numbers n+1 and n+2. Here's one program that does the job:
C-x ( ' [0, 1; 1, 1] ^ ($-1) * [1, 1] RET v u DEL C-x )
This program is quite efficient because Calc knows how to raise a matrix (or other value) to the power n in only @c{$\log_2 n$} log(n,2) steps. For example, this program can compute the 1000th Fibonacci number (a 209-digit integer!) in about 10 steps; even though the Z < ... Z > solution had much simpler steps, it would have required so many steps that it would not have been practical.