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Another reason natural logarithms are natural

johndcook.com

6 points by 1781 11 years ago · 2 comments

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1781OP 11 years ago

Perhaps I'm just daft and needed it explained to me a _lot_ of times, but this one stuck. Hope it helps other get it.

  • michaelbarton 11 years ago

    I think the explanation over complicates it.

    On a natural log scale a 0.01 change in a coefficient (X) is approximately a 1% in response (Y). Where as a 0.01 change on a log10 scale is a 2.3% change in response.

    Therefore Using the example if you see a 0.06 difference in coefficients on a natural log scale you know that the difference response is approximately 6%, whereas you'll need a calculator if it's on a log10 scale.

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