tag:blogger.com,1999:blog-6297413898275266606.post4525997183662606991..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: 2Q2014 GDP: Into Orbithishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6297413898275266606.post-26157588900698160992014-08-18T22:52:49.066+08:002014-08-18T22:52:49.066+08:00I shouldn't say linear, but it's something...I shouldn't say linear, but it's something like that. I've forgotten the term already.__marshttps://www.blogger.com/profile/03711810297204287995noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-28673913833110487572014-08-18T22:50:11.562+08:002014-08-18T22:50:11.562+08:00Also, if you're into regression, log is useful...Also, if you're into regression, log is useful to make the series kosher. Doesn't always work and it isn't the only way, but it's a useful trick when it does work.<br /><br />Why? Because for the very reason you mentioned: it turns non-linear series into a linear one. In fact, I think that's the primary reason most economists present they stuff in log: usually they eyeball the__marshttps://www.blogger.com/profile/03711810297204287995noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-40305006409589091552014-08-18T20:38:08.142+08:002014-08-18T20:38:08.142+08:00Thanks Hafiz :) Thanks Hafiz :) Anonymoushttps://www.blogger.com/profile/00609336531684787074noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-36894263898633091192014-08-18T18:48:02.305+08:002014-08-18T18:48:02.305+08:00Log usually compresses a series in a more meaningf...Log usually compresses a series in a more meaningful way.<br /><br />Doing the non-log way, 1% of 10 is much smaller compared to 1% of 1 billion, and you can't really compare anything. Log adjusts the problem that comes with magnitude, allowing you to compare numbers of different magnitude better.<br /><br />Log is also a very good approximation of percentages for very large numbers (Hafiz Noor Shamshttp://maddruid.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-64868004940835811812014-08-18T17:26:19.702+08:002014-08-18T17:26:19.702+08:00Hi Hisyam, could you please explain the rationale ...Hi Hisyam, could you please explain the rationale behind using log? <br /><br />I don't have problem in understanding qoq, yoy or annualised. <br /><br />In maths, what I do know about log is that, it's used to transform a non linear data into a linear one. <br /><br />Thanks Anonymoushttps://www.blogger.com/profile/00609336531684787074noreply@blogger.com