You are viewing a single comment's thread from:

RE: Things move a little slower in formal (academic) economics research

in #economics7 years ago

Sorry, a logarithmic function is just a log function.
For example, in a base-10 log function: log(10)=1; log(100)=2; log(1000)=3 (etc). It's a common rescaling technique makes the difference between 10 and 1000 "smaller".