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Abstract Various indicators of relative change (or difference) are considered. It is shown that the log change defined by log e (y/x) is the only symmetric, additive, and normed indicator of relative change. It is proposed that the values of the log change in percent, 100 log e (y/x), be denoted by the symbol L%, the log percentage. It is hoped that the symmetric and additive log percentages will gradually replace the ordinary asymmetric and nonadditive percentages.
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Leo Törnqvist
University of Helsinki
Pentti Vartia
University of Helsinki
Yrjö Vartia
University of Helsinki
The American Statistician
University of Helsinki
Research Institute of the Finnish Economy
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Törnqvist et al. (Fri,) studied this question.
synapsesocial.com/papers/6a0dd3aa389a567298bab476 — DOI: https://doi.org/10.1080/00031305.1985.10479385