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A logarithmic price scale uses the percentage of change to plot data points, so, the scale prices are not positioned equidistantly. A linear price scale uses an equal value between price scales providing an equal distance between values.
- What is the difference between a linear and logarithmic scale?
- Why is a logarithmic scale better?
- How is a logarithmic scale different?
- What is a logarithmic scale and why is it useful?
What is the difference between a linear and logarithmic scale?
A linear scale plots data points using a unique unit value to give an equal vertical distance between values. On the other hand, a logarithmic chart scaling plots using percentage change as the distance between data points.
Why is a logarithmic scale better?
Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the data or when the percentage differences between values are important. You can specify whether to use a logarithmic scale, if the values in the chart cover a very large range.
How is a logarithmic scale different?
A logarithmic scale is a nonlinear scale often used when analyzing a large range of quantities. Instead of increasing in equal increments, each interval is increased by a factor of the base of the logarithm. Typically, a base ten and base e scale are used.
What is a logarithmic scale and why is it useful?
A logarithmic scale is a nonlinear scale that's used when there is a large value range in your dataset. Instead of a standard linear scale, the values are based on order of magnitude. Each mark on an axis represents a value that is a multiple of the previous mark on the axis.
