Answer :

Absolute change is the straightforward difference in an indicator's value between two time periods, i.e. Relative change represents absolute change as a percentage of the indicator's value in the earlier period.

What is the absolute difference ?

  • Absolute change is the straightforward difference in an indicator's value between two time periods, i.e. Relative change represents absolute change as a percentage of the indicator's value in the earlier period.
  • The difference in values of two variables, particularly two random variables, when taken without respect to the sign of the difference.
  • |x-y|, the absolute value of their difference, represents the absolute difference between two real numbers, x and y. The distance between the locations that correspond to x and y on a real line is described.

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