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  2. Relative change - Wikipedia

    en.wikipedia.org/wiki/Relative_change

    For example, we might want to calculate the relative change of −10 to −6. The above formula gives ⁠ (−6) − (−10) / −10 ⁠ = ⁠ 4 / −10 ⁠ = −0.4, indicating a decrease, yet in fact the reading increased. Measures of relative change are unitless numbers expressed as a fraction. Corresponding values of percent change would be ...

  3. Fold change - Wikipedia

    en.wikipedia.org/wiki/Fold_change

    This formulation has appealing properties such as no change being equal to zero, a 100% increase is equal to 1, and a 100% decrease is equal to −1. However, verbally referring to a doubling as a one-fold change and tripling as a two-fold change is counter-intuitive, and so this formulation is rarely used. Volcano plot showing metabolomic data ...

  4. Percentage - Wikipedia

    en.wikipedia.org/wiki/Percentage

    Thus, in the above example, after an increase and decrease of x = 10 percent, the final amount, $198, was 10% of 10%, or 1%, less than the initial amount of $200. The net change is the same for a decrease of x percent, followed by an increase of x percent; the final amount is p (1 - 0.01 x)(1 + 0.01 x) = p (1 − (0.01 x) 2).

  5. Percentage point - Wikipedia

    en.wikipedia.org/wiki/Percentage_point

    Percentage point. A percentage point or percent point is the unit for the arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points (although it is a 10-percent increase in the quantity being measured, if the total amount remains the same). [1]

  6. Economic growth - Wikipedia

    en.wikipedia.org/wiki/Economic_growth

    v. t. e. Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [1] Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).

  7. Price elasticity of demand - Wikipedia

    en.wikipedia.org/wiki/Price_elasticity_of_demand

    A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good (law of demand), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...

  8. Inflation - Wikipedia

    en.wikipedia.org/wiki/Inflation

    UK and US monthly inflation rates from January 1989 [1][2] In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using a consumer price index (CPI). [3][4][5][6] When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation ...

  9. Proportionality (mathematics) - Wikipedia

    en.wikipedia.org/wiki/Proportionality_(mathematics)

    In mathematics, two sequences of numbers, often experimental data, are proportional or directly proportional if their corresponding elements have a constant ratio. The ratio is called coefficient of proportionality (or proportionality constant) and its reciprocal is known as constant of normalization (or normalizing constant).

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