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4 Tutorials that teach Absolute Change and Relative Change
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Absolute Change and Relative Change

Absolute Change and Relative Change

Author: Ryan Backman
Description:

This lesson will explain absolute change and relative change.

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Tutorial
Terms to Know
Absolute Change/Difference

The raw increase or decrease in the value of a variable

Relative Change/Difference

The percent increase or decrease in the value of a variable.

Formulas to Know
Absolute Change/Difference

N e w space left parenthesis O b s e r v e d right parenthesis space V a l u e space minus space O l d space left parenthesis A c t u a l right parenthesis space V a l u e

Relative Change/Difference

A b s o l u t e space D i f f e r e n c e space divided by space O l d space left parenthesis A c t u a l right parenthesis space V a l u e