Re:Italy is extending its coronavirus quarantine measures to...
by TeMPOraL on Tuesday March 10, 2020 @03:07AM
(#22533376)
Also, growth narrative is always about adding/subtracting percent points - which makes most people think this is a linear phenomenon, because they don't make the connection that the quantity discussed is a multiplier, and charts they see are on log scale.
[ Parent
| on HN ]
Re:Italy is extending its coronavirus quarantine measures to...
by littlestymaar on Tuesday March 10, 2020 @05:27AM
(#22533999)
As long as you stay with low percentages, the linear approximation works pretty well: two times 1% lead to a 2.01% increase. But it starts breaking down as soon as you reach 10%.
Little trick to know (with some good approximation) the doubling time of some low-percentage growing system: count it linearly up to 10% and then multiply by 7 (which is roughly the doubling time for 10% growth). Example: 2% => 5*7=35 years to double.
Re:Italy is extending its coronavirus quarantine measures to...
by bxparks on Tuesday March 10, 2020 @10:49AM
(#22535897)
This is identical to the Rule of 72, https://en.m.wikipedia.org/wiki/Rule_of_72. Except that you are using 70. The amazing thing about the rule of 72 is that it works pretty well even for rates greater than 10%.