logarithm• Like logarithms and Milton it was just another burden to be borne.• Mispricings were defined as the naturallogarithm of the actualfuturespriceminus the natural logarithm of the no-arbitrage futures price.• For minute-to-minute data, they computed the natural logarithm of the variance of price changes for each day.• Expectedvalues of birthweight for gestational age were obtained by regressing the natural logarithm of birth weight on gestational age.• The idea of logarithms is based on exponents.• Volume was measured as the logarithm of the number of futures contractstraded each day in the near contract.• Hence, the use of the change in the logarithm of prices implicitly assumes that Ft is the suminvested.• The change in the logarithm of prices has the advantage of being scale-independent.
Originlogarithm
(1600-1700)Modern Latinlogarithmus, from Greeklogos ( → LOGIC) + arithmos“number”