Posted by Mike Lea on July 08, 1997 at 08:27:08: In Reply to: Example posted by Steve Heston on July 07, 1997 at 22:08:02:But the maximum of the function .505(1+a)+.495(1-a) is the same as the maximum of ln(.505(1+a)+.495(1-a)). That is all I am saying. If I am right (and I believe I am), it makes no difference whether the function or the log of the function is used to calculate maxima or minima (except, as Grimey said, to simplify calculations) and it makes no difference whether you call it log growth or growth.
- A common mistake Steve Heston 10:15:18 7/08/97 (2)