Sleepy51 wrote:Ok, I’m gonna try to be patient.
The absolute change in the shooting percentage would be expressed as a “number of percentage points” I.e. “Klay’s shooting percentage declined by 3 percentage points”
Describing the relative change is equally valid but would be described as a % change. I.e. Klay’s shooting percentage changed by ‘seven point five percent’”
Both are valid ways of describing two different concepts with different uses and both conventions have places in math, statistics and yes even in finance.
If you really think there is a different convention that prohibits describing relative value change in finance then I need to be done discussing this with you.
Mmkay?
You really don't see how you're contradicting yourself there? You're literally saying, "klay's shooting percentage dropped by 3%" and in the next line you're saying "klay's shooting percentage dropped by 7.5%" Unless you think that "3 percentage points" is not the same as 3%.
Can you really imagine telling a company their 5% drop in margins is actually a 10% decrease? Let me give you a different example than a company's margin, although I really don't see how that one isn't illustrative enough.
Let's saying over his career, in any given season, Klay attempts 1000 3pt shots (just to make the math easier). He makes, in any given season, 410 of those attempts. That would be 41%.
This season, for the sake of this example, Klay also attempts 1000 3's, like he usually does. This year, however, he makes 380 of them, for 38%.
What is the absolute change? it's 30 3pt field goals made. What is the relative change? it's 30 3FGM relative to his 1000 attempts, or 30/1000 or, 0.03. Or, if you want to put that in percent, 3%.
That is because a percentage is already a relative measure. How many did he make RELATIVE to the number of attempts.
Last example. You can say, Klay's FGM made dropped from 7.3 (career) to 6.2 (this year). That would be an absolute decline of 1.1 FGM. It would be a relative decline of 1.1/7.3 = 15%.
What you're trying to do is make his decline look worse than it is. I'm just trying to make sure we follow the laws of mathematics.