A particular mathematical transformation often used to express economic variables. Advantages: 1) If a variable grows at a constant percentage rate over time, the graph of its logarithm is a straight line. 2) A small change in the logarithm of a variable is approximately its percentage change.
Related information about logarithm:
- Logarithm - Wikipedia, the free encyclopedia
The logarithm of a number is the exponent by which another fixed value, the base , has to be raised to produce that number. For example, the logarithm of 1000 ...
- Natural logarithm - Wikipedia, the free encyclopedia
The natural logarithm is the logarithm to the base e, where e is an irrational and transcendental constant approximately equal to 2.718281828. The natural ...
- Introduction to Logarithms
Example. How many 2s do we multiply to get 8? Answer: 2 × 2 × 2 = 8, so we needed to multiply 3 of the 2s to get 8. So the logarithm is 3 ...
- Logarithm -- from Wolfram MathWorld
Logarithm. DOWNLOAD Mathematica Notebook EXPLORE THIS TOPIC IN the ... and the red curve is the logarithm to base 10 (the common logarithm, i.e., ...
- Logarithms: Introduction to "The Relationship"
And, just as the base b in an exponential is always positive and not equal to 1, so also the base b for a logarithm is always positive and not equal to 1. Whatever ...
- What on Earth is a Logarithm?
An explanation of logarithms and a java base logarithm calculator.
- Mathwords: Logarithm Rules
Aug 27, 2012 ... For the following, assume that x, y, a, and b are all positive. Also assume that a ≠ 1, b ≠ 1. Definitions. 1. loga x = N means that aN = x. 2. log x ...
- LOGARITHM CALCULATOR
Logarithm calculator, calculates logarithms and anti-logarithms to any number base.