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i_love_science
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What is the difference between percent change and percent difference? When would you use one over the other? Thanks.
Have you done any research on this? It's pretty easy to do it yourself.i_love_science said:What is the difference between percent change and percent difference? When would you use one over the other? Thanks.
That's not what the internet says. You are talking about % change, for which I agree w/ you, BUT ...symbolipoint said:You choose depending how specific you want to be in discussing or stating the change. If you want to avoid confusion, speak in terms of percentage increate or percentage decrease.
which is not the same thing.Percent Difference is the difference between two values divided by the average of the two values shown as a percentage.
That shows you why I like to look for more precise language in discussing percent change or percent difference. Or at least show in symbolized form what is meant, to help cut through any troubles with language.phinds said:That's not what the internet says. You are talking about % change, for which I agree w/ you, BUT ...
which is not the same thing.
But all you said wassymbolipoint said:That shows you why I like to look for more precise language in discussing percent change or percent difference. Or at least show in symbolized form what is meant, to help cut through any troubles with language.
Which does not describe percent difference at all, that was my point.symbolipoint said:speak in terms of percentage increate or percentage decrease.
@i_love_science, as @symbolipoint suggested, MATH (symbolic notation) is the best way to precisely describe things.i_love_science said:What is the difference between percent change and percent difference? When would you use one over the other? Thanks.
and this part was left out of the quote, so needed to includephinds said:But all you said was
Which does not describe percent difference at all, that was my point.
If something goes from 50 to 100, that's a percentage increase of 100%.
If something goes from 100 to 50, that's a 50% decrease
The percentage difference between 50 and 100 is 66.7%
You can, but I find that "increased by 5 percentage points" is confusing to some people. Non-STEM types tend to get confused by percentages (and often don't even realize that they ARE confused).Borek said:To avoid ambiguity when going from 5% to 10% you can always say "increased by 100%" or "increased by 5 percentage points", can't you?
Percent change and percent difference are both measures of comparing two values. Percent change is used to calculate the difference between two values as a percentage of the original value. Percent difference, on the other hand, is used to calculate the difference between two values as a percentage of the average of the two values.
No, percent change and percent difference cannot be used interchangeably. They are calculated differently and represent different concepts. Using them interchangeably can lead to incorrect conclusions and interpretations.
Percent change is typically used when comparing two values over time, such as the change in stock prices or the change in population over a period of time. Percent difference is used when comparing two values that are not related to time, such as the difference in height between two individuals or the difference in weight between two objects.
Percent change is calculated by taking the difference between the two values, dividing it by the original value, and then multiplying by 100. Percent difference is calculated by taking the difference between the two values, dividing it by the average of the two values, and then multiplying by 100.
Percent change and percent difference do not take into account the magnitude of the values being compared. For example, a change of 10% in a small value may not have the same impact as a change of 10% in a larger value. Additionally, they do not provide information about the direction of the change, only the magnitude.