I haven't thought about it at all, but isn't it somewhat similar to Newton Raphson, in how it approximates a first reciprocal (here with a table), and then converges on better estimates in a few iterations?
Arguably the method for converging looks like it could be different at first glance. You could add it per WP:BOLD and see if anyone objects, the descriptions above are good enough to cite, such that there's no original work in describing the algorithm